Aftermonths or years of preparing for your dream wedding, you’ve cherished the momentsandenjoyed thewhirlof love and emotions, recited wedding vows, and partiedall nightwith your loved onesonyour big day.So, what happensnext?As you enter the new chapterandstep into the next chapter ofbuildingand spendingthe rest of your lifewith someone else,there are many things that you need to consider. From buying a house to planning your children and family, or even justhow to handlehouseholdduties,andhow many children you want, the transition to a joint life is a busy one. Keep in mind that it is very important thatyoualso establisha concrete plan for yourfinances and long-term goalsandthink aboutyourlifeinsurance.
What is LifeInsurance?
This policyis designed toprovidefinancial protection for your loved onesif yousuffersuddenunexpected death. It covers debts, uninsured medical bills, mortgage debts, burial expensesandprovidesa comfortable standardof livingfor yourfamily.
Why Is ItImportant to Have a LifeInsuranceforNewlyweds?
Asyou settle into your new married life,you’renot only merging your finances andrevenue,butyou’llbeginmaking major decisions aboutyourfuture,building a savings plan together, andsharingdebts.Including lifeinsuranceis important to add of these planswill protect both of you, no matter what happens in the future.
Consider all the factors, goals, and budgetwhen determiningwhat type of lifeinsurance policyyou need.Ifyou’retrying to protect assets, ensuresupport for your children, and cover debts, a mortgagewith a specifictime period, or term lifeinsurance, would be best.
Anotheroptionis a whole lifeinsurance policy. It covers your long-termgoals such as support for your children and family, coverage for debts and mortgage, but also builds cash value over time.
Bear in mind, buying lifeinsurance early is the key to saving you money.Usually,the insurancecompany will evaluate the risk of insuring based on your age,lifestyle,and health; premiums tend to be cheaper at a younger age.
If you already had a lifeinsurance policy before you got married, makesure you review your policy, update your last name, and make sure it meets the needs and goals of your new married life. Lastly, make sure to include your spousein your beneficiaries.
So,what are you waiting for? Call our knowledgeable insurance advisor, get the best possible rate, and help you get lifeinsurance that meets your goals and needs as a marriedcouple. CallKlinger Insurance Groupat 301-428-4935 or email us firstname.lastname@example.org visit us atwww.klingerinsurancegroup.com/