Life Insurance For Newlyweds

After months or years of preparing for your dream wedding, you’ve cherished the moments and enjoyed the whirl of love and emotions, recited wedding vows, and partied all night with your loved ones on your big day. So, what happens next? As you enter the new chapter and step into the next chapter of building and spending the rest of your life with someone else, there are many things that you need to consider. From buying a house to planning your children and family, or even just how to handle household duties, and how many children you want, the transition to a joint life is a busy one. Keep in mind that it is very important that you also establish a concrete plan for your finances and long-term goals and think about your life insurance.

What is Life Insurance? 

This policy is designed to provide financial protection for your loved ones if you suffer sudden unexpected death. It covers debts, uninsured medical bills, mortgage debts, burial expenses and provides a comfortable standard of living for your family. 

Why Is It Important to Have a Life Insurance for Newlyweds? 

As you settle into your new married life, you’re not only merging your finances and revenue, but you’ll begin making major decisions about your future, building a savings plan together, and sharing debts. Including life insurance is important to add of these plans will protect both of you, no matter what happens in the future.

Types of Life Insurance

There are several types of life insurance: 

• Term Life Insurance 
• Universal Life Insurance 
• Whole Life Insurance

Options for Life Insurance for Newlyweds? 

Consider all the factors, goals, and budget when determining what type of life insurance policy you need. If you’re trying to protect assets, ensure support for your children, and cover debts, a mortgage with a specific time period, or term life insurance, would be best.

Another option is a whole life insurance policy. It covers your  long-term goals such as support for your children and family, coverage for debts and mortgage, but also builds cash value over time. 

Bear in mind, buying life insurance early is the key to saving you money. Usually, the insurance company 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 life insurance policy before you got married, make sure 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 spouse in your beneficiaries. 

So, what are you waiting for? Call our knowledgeable insurance advisor, get the best possible rate, and help you get life insurance that meets your goals and needs as a married couple. Call Klinger Insurance Group at 301-428-4935 or email us at info@klingerinsurancegroup.com and visit us at www.klingerinsurancegroup.com/