Insurance: Getting Married

Insurance: Getting Married

Marriage changes everything, including insurance needs. Even if you and your spouse lived together and shared expenses while dating, you may have new responsibilities – and opportunities – for your insurance policies.

Marriage can significantly alter your insurance needs, as you and your spouse may now share financial responsibilities and opportunities. Reviewing and adjusting your insurance policies together is crucial to ensure you’re both adequately covered in this new stage of life.

Start by looking at auto insurance, as many insurers offer discounts for married couples or multi-car policies. Next, if you buy a home, make sure to evaluate your homeowners or condo insurance to ensure adequate coverage for property, liabilities, and personal assets. Health insurance also requires attention, as marriage qualifies as a life event allowing for changes during open enrollment. Additionally, consider disability insurance to protect both incomes, especially if you both work, and review life insurance to secure financial stability in case of one spouse’s passing. Lastly, long-term care insurance is worth exploring now that you’re married, as couples can often save on premiums. Addressing these areas together can help ensure you’re both protected and possibly save money on premiums.

We examine six topics to help you better understand the insurance landscape after marriage. http://bit.ly/3ebCV8C

Published On: June 19, 2020|Categories: Resource Center|Tags: insurance|

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