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Any loss of income could dramatically impact your financial future, and ultimately affect other family members as well even if you and your spouse both work.
However, what about a stay-at-home spouse who provides care for children or an elderly parent, but doesn't bring in any income? They still provide a valuable service to the family. If they were no longer able to provide that level of care to the family a replacement would need to be found and that costs money.
It may be within the best interest of the family to purchase life insurance on that individual.