In the lead up to getting married, most young couples don’t consider getting life insurance as one of their top priorities. It’s not hard to understand - so many of us married types have been there so we understand the pressure that comes with planning our own wedding! Caterers, florists, chefs, dressmakers: we already have too much to do, so who wants to talk to an insurance agent on top of all this? Well, you do actually. Here’s the thing: even couples without children can greatly benefit from having a life insurance policy. Start life insurance.
Why Life Insurance?
How much do you know about the reasons why people invest in life insurance? The main reason might surprise you: life insurance provides support to your loved ones if you should pass away. Yes, the support is obviously financial, which is why people point to parents as being the best candidates for this kind of insurance. But even newly weds who don’t see children on the near horizon should invest in life insurance. Why? Because none of us can predict what the future holds. On your wedding day, you’re expecting to spend the rest of your life with your husband or wife. However long that may be is up to fate - it’s not something you can control. What you can control is how well you take care of your spouse once you've departed. It’s not fun thinking about your own mortality, especially leading up to such a joyous occasion, but being prepared will only make you more at ease and ready to enjoy that honeymoon!
The financial assistance that life insurance policies provide, helps your spouse pay their bills and continue living their lives if you’re not there to help take care of them. Have you thought about who will take care of your spouse if you were to pass away suddenly? Life insurance makes sure that your beloved is well taken care of. And it works both ways - if your spouse passes away suddenly or due to an undiagnosed illness, their life insurance policy will ensure that you’re able to pay the bills and the mortgage during that difficult time. It’s a small price to pay for peace of mind, don’t you think?
As you combine your income with your partner your life insurance needs will obviously change. Calling us before you exchange the rings to review your needs and existing policies isn’t a bad idea– we’ll be able to talk you through the right insurance plan for your situation.
In Sickness and in Health
All you need to do is scroll through the news on the web to see how frequent accidents happen. Some of the worst things can happen to loving couples on their honeymoons or on vacations abroad. Getting a life insurance policy as soon as you’re married will ease your mind as you and your partner plan your exciting lives together. Our life insurance policies don’t just cover accidents.
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We can’t determine the future, no matter how hard we try. If you or your spouse develops a terminal illness, certain life insurance policies will allow for an early pay-out to help ease the financial burdens that come with serious health problems. Getting your policy while you're young and healthy could save you both time and money in the long run. Planning for the worst will ensure that you’re both prepared for whatever life throws your way.
With the cost of living going up every year, single income houses are quickly becoming a thing of the past. That said, there are households where one spouse may earn more than the other, and other households where one partner is not as employed as the other because they’re taking care of family or studying. In these kinds of situations, if something were to happen to the spouse who takes care of the bills the other partner is in a very precarious position. There could be a mortgage to pay on top of student debts, bills, and more. We all have financial obligations that require both incomes which is why it’s best to have some form of life insurance to protect yourself and your partner.
If you’re wondering about what kinds of coverage you should have on top of your life insurance once you’ve tied the knot, health insurance is the other most common type of insurance for newlyweds.
You’re setting up a new life with someone and you want to be as healthy as you can to ensure the longevity of this chapter of your life. Securing a health insurance policy while you’re young and healthy will give you the peace of mind of knowing that you’re covered if anything turns up during your yearly check-ups. People with health insurance see doctors and specialists faster bypassing lengthy waiting lists.
Do the Right Thing
Whether you’ve officially married or in a de facto relationship with the love of your life, you want to be able to protect them at all stages of your life together. As much as we’ve advanced our technology over the years, we still are unable to predict the future! Unfortunately, one thing that is always certain is our impermanence and the time will come, sooner or later, that we’re unable to support and provide for our loved ones.
If you die suddenly and you don’t have life insurance, your partner could be left in financial ruins. If you have a partner and kids, your whole family could end up suffering the many consequences of your unprepared death.
If you want to ensure the future of your partner and your family, the right thing to do is to invest in a life insurance policy. It’s an affordable and convenient solution for couples that will give you both the security to enjoy the time you have together. Have you already tied the knot? Been married for years? Just thinking about popping the questions? Now is the time to talk to us so we can help you pick out the policy that ticks all of the boxes, saves you a heap of money, and gives you the freedom to live life to the fullest with the love of your life. Call us today!