Why Newlyweds Should Purchase Term Life Insurance
When a couple gets married, their lives are joined together. As soon as the wedding day, all aspects of their lives intertwine, and this includes their finances. One of the best steps that you and your new spouse can take right now is to purchase an affordable term life insurance policy. This will help you to enjoy a greater level of financial security and to prepare for the unexpected.
Most recently married couples are relatively young and healthy, and this means that now is the ideal time to purchase a new life insurance policy. Life insurance coverage is often more affordable when you are younger and healthier, and you can lock in your rate for the entire term of your coverage. Because some term life insurance policies extend for 30 years or longer, this means that you can enjoy affordable coverage for most or all of your working years when you purchase it very soon after getting married.
How Much Coverage Do You Need?
Your needs for term life insurance may fluctuate over the years. Everything from your income levels and debt level to your age and how many children or dependents you have will affect your coverage needs. When you are younger, you may have limited debt and no dependents. Therefore, your coverage needs now may be minimal, but coverage can protect your loved ones from financial turmoil in the event of death.
Furthermore, because it is more affordable to purchase coverage now, you may purchase enough term life insurance to protect you from loss throughout your working years. Many feel comfortable purchasing a policy that is approximately $250,000 to $500,000 per individual, but some couples find greater security in purchasing additional coverage.
How to Find Affordable Life Insurance Coverage
While rates for life insurance may be relatively low when you are younger and healthy, you do not want to pay more than necessary for coverage. You can easily compare term life insurance rates by requesting quotes through Docktor’s Insurance. This is the best way to find the right policy for your needs at a fair price.
Contact us to get free life insurance quotes by answering few simple health questions 1-888-773-1181