How have the needs for life insurance changed with the increasing number of two-income households? Remarried households? What are the implications for these changes when considering the need for income replacement and funds to replace household services? (Participation in this part of the discussion question is required.)

Please share scenarios from friends or relatives describing the financial impact of death when the household had either adequate or inadequate life insurance coverage. What were the implications for the financial situation or lifestyle? (Participation in this part of the discussion question is voluntary because some students may not have an example to relate.)

IMPORTANT: In relating any examples from real life please disguise the names of individuals in order to protect their privacy.