Decisions About Life Insurance Come with Marriage

When thinking about your impending marriage you are probably thinking about all of the ways that you will be merging two households and lives for that matter. With so many things to think about, make sure decisions about life insurance aren’t lost in the shuffle. If either of you have life insurance policies already, may have some decisions to make regarding what you want to do with them when you get married.

The first step is to look at your life insurance policy and see if it would be better served by putting it together with your new spouse’s. There are some things that you should remember when you are combining life insurance policies with your new spouse. First of all, when you are examining your life insurance policies, you want to be sure that you are able to benefit from the way that things are set up. For instance, if you have a life insurance policy through work, you might not be able to add your spouse. Talk with your current provider to see what you are able to do with your insurance policy.

If you have purchased life insurance privately before you get married, you want to see if your policies will work if you put them together. Some married couples find it much easier to leave their policies separate, because that way they can be sure that they are both covered. If something happens to one of them, the other will still have the same policy.

On the other hand, many couples end up ending separate policies opting for joint policies instead. It is a good option because they will be able to be covered together and it is usually less expensive. If you both already have policies, you might be able to find a better deal by choose to go with a joint policy.

Life insurance is just another way of loving and protecting each other under even the most unimaginable situations in your marriage .With the right policy in place you can rest easy, knowing that if something should happen to you, your spouse be taken care of.

If you’re engaged, make one of your first steps calling your local life insurance marketplace professional. Your local agent can advise you and your significant other on your existing policies and or new coverage within your budget, as well as how much life insurance you should have in relation to your income, assets, and other factors.

 

See more on Pivot.com, your life insurance marketplace for life insurance when getting married.  Get a free life insurance quote today!