Question 25 
Will we have any health insurance?

Default answer:  Yes, the husband's employment will
provide health insurance for his wife and their children.

Creative answers:  If you are not a conventional family,
you will have to work out your own health insurance arrangements.

     If one or both of you has no health insurance, what will you do?
If one of you has health costs that are not covered by insurance,
how will this affect the finances of your partnership?
Can an uninsured partner be covered as 'family' by the other's insurance?

     Will you keep your finances definitely separate,
so the health costs of one partner will never be assessed against the other?

     Would automatic health benefits be a good reason to get married?

Question 26 
Will we have any life insurance?

Default answer:  Yes, the husband's life will be insured.

     In the traditional, one-earner family,
it was very important for the wife and children
to be protected from the sudden loss of support
that would occur if their husband and father died.
So it was conventional for a life-insurance policy to be purchased,
which would pay a lump sum to the wife upon the death of the husband.

     Because marriage was supposed to last until death,
and because women generally live longer than men,
she did eventually expect to receive the death benefit from life insurance.

Creative answers:  But divorce makes this a problem.
It was fine for a life-insurance policy
to protect the wife during the years she was married.
But most life-insurance policies also build up a cash value.
If you buy life-insurance, and if you end your relationship
before the insured person (or persons) dies,
how would you divide the cash value of your policy?
You could cash-in your life-insurance policy
and divide the proceeds along with all your other common assets.

Questions 25 & 26:          WILL WE HAVE INSURANCE?              by James Park              139

     Or the primary wage-earner could keep the policy in force
for the rest of his life or for an agreed number of years,
even tho he will no longer be married to the beneficiary.
Then if the ex-husband dies while the insurance is still in force,
the ex-wife will get a lump-sum death-benefit,
which will compensate for the loss of any alimony or child-support,
which come to an end when the ex-husband and father dies.

     If you are not married and if you want life-insurance,
you should agree in advance on the exact terms of your policy
and what will happen to any cash value if your partnership ends.

     If you have life-insurance on both of your lives,
each of you will be protected from financial disaster should the other die.
And you could agree to cash-in your policies if your partnership ends
and to divide the proceeds as a part of your property settlement.

The above page and a half contains the entire text of both Questions 25 and 26 from Designer Marriage.

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Designer Marriage: Write Your Own Relationship Contract

Created April 9, 2009; Revised

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