How many of us rely on our partners to take care of the finances? We have to take care of the children, make sure that house is running smoothly, or simply just could not be bothered.

The financial decisions tend to sit right at the bottom of our list, and we figure that the easiest way to handle them is to let our partners sort it out, right?

This might not be the wisest choice we make, as they may not have given sufficient thought to our needs. An what happens when they leave, or if you are widowed?

Is it really up to your partner to take care of your retirement or savings?

And if your partner is the breadwinner in the family, have they have considered the need for insurance your life?

Would they understand or would they have calculated my replacement costs, e.g. au pair, financial provider, mom's taxi and all the other important roles, that someone else would have to fulfill. Most partners do not give this a second thought.

Have they calculated what you would need if something should happen to them and there is no income?

A broken relationship could mean, divorce, death or illness of our partner and then we have take of our family and ourselves.

General statistics show that:

  • Women on average live 4–5 years longer

  • Women will spend the last one third of their lives not married, either through widowhood or divorce

  • Nearly 85 percent of the elderly poor are women

  • Approximately 50 percent of all marriages end in divorce

It is vital that you make sure that you have insurance to cover yourself and your partner for unforeseen circumstances that could leave you with financial burdens that you don't deserve to suffer from.

This could be prevented if you have life cover on both yourself and your partner, and make sure it is adequate to take care of things if something should happen to either of you.

This article is from Spice4life