Term life insurance recommended to newlyweds
Marriage means merging assets and lifestyles with insurance coverage becoming a joint concern
Summer typically means no school, family vacations and weekend barbecues. For many, June, July and August also seem to be the ideal time to get married and have a wedding celebration.
But once the honeymoon is over, couples have some big decisions to make about insurance coverage.
Typically people will opt to move onto one joint auto insurance plan and may even switch to the most suitable healthcare coverage.
But one insurance provider is advising couples to have serious discussions about their financial future and long term needs.
Considering term life insurance is important and by purchasing a plan at a young age, discounts may be available, says the insurance provider.
Among the considerations before opting for term life insurance, couples should seriously discuss the likelihood they will have children or not and then select a plan that will offer long-term coverage for them as well.
Financial security is an increasingly important as job losses continue to mount and near-term economic recovery remains uncertain.
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Posted: July 1, 2009
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