Do both spouses need life insurance if we both work?

Yes. When both spouses work, each income represents a financial dependency for the household. If either spouse passes, the surviving partner faces mortgage payments, childcare costs, and daily expenses on a single income—potentially impossible without the other's contribution.

Beyond income replacement, consider what each spouse provides beyond their paycheck. Even dual-income households rely on one partner handling more childcare, school pickups, household management, and family logistics. Those contributions have real replacement costs.

In Nevada, where housing costs have risen sharply, most households genuinely need both incomes to maintain their lifestyle and service their mortgage. A 20- or 30-year term policy on each spouse ensures the survivor can remain in the home and maintain financial stability while children are dependent.

Adequate coverage on both spouses is especially important when the income gap between partners is relatively small—losing either income creates comparable financial strain. Many agents in our network recommend symmetrical or near-symmetrical coverage for dual-income households. Compare options from multiple A-rated (A.M. Best) carriers to find the most cost-effective approach for your situation.