| Now that you're married, you've entered into a time | | | | 2. Should both you and your spouse be on the |
| of bliss and great happiness. But as you enjoy your | | | | policy? Generally, the answer should be yes. This is |
| honeymoon and make plans for a great future, here | | | | because either spouse is protected should something |
| is one very important thing to also think of: Life | | | | happen to one. This would take on a new level of |
| insurance... | | | | significance when the kids begin to arrive. You don't |
| Do you already have a life insurance in place? Then | | | | want them exposed either if any of you passes |
| you still need to re-evaluate your policy type, | | | | along. |
| beneficiaries and coverage amount. Remember, your | | | | 3. Are you buying a new home together? Yes, most |
| spouse and the kids to come where certainly NOT | | | | couples would like to own a home. So what happens |
| beneficiaries of this existing policy. | | | | if one of you passes along while mortgage is still |
| Don't you already have a policy? Now is a good time | | | | outstanding? The length of your mortgage and the |
| to get one. Remember, you have at least one very | | | | type of home you buy should be carefully considered |
| beloved person to think of. | | | | as you plan your new home. |
| So whether you have or don't have a policy, here | | | | With careful thought and planning, you, your spouse |
| are questions you have to ask... | | | | and kids would be guaranteed the life you set out |
| 1. What policy type is best for you? It depends on | | | | for. |
| whether you want the maximum coverage per | | | | Now, what happens to those who've been married |
| premium dollars or you want something that builds | | | | for sometime now? Please, review your life insurance |
| some form of equity for you. | | | | policy to ensure it's still adequate for your present |
| If you want pure insurance that gives you the most | | | | status and circumstances. |
| bang for bucks, get a term life policy. If you want | | | | If you want to ensure you get the best for less, |
| something that builds equity, get a whole life policy. | | | | you'd have to do extensive shopping. It's been the |
| But if you want to be able to take advantage of | | | | way and would still continue to be. So get and |
| both, take a term life policy that has both a | | | | compare as many quotes as possible from a wide |
| guaranteed renewal feature and is convertible to a | | | | range of reputable insurers. The internet makes this |
| whole life policy. Any good agent would be able to | | | | an entirely painless task. And don't forget to read the |
| advise you on this. | | | | fine prints before paying for any policy. |