Do newlyweds need life insurance?

If you’ve just gotten married, getting life insurance is probably the last thing on your mind.  In fact, most couples wait to have children before they even begin to consider life insurance.  However, there are some benefits of getting a policy sooner rather than later.  Here are some of the reasons why you should discuss life insurance with your new spouse today.

Funerals are Expensive

If you get a life insurance policy, your funeral and burial costs would be covered if you were to die unexpectedly.  Without life insurance, your spouse will be saddled with these significant costs.  As the average funeral costs upwards of $7,000, you should consider life insurance to save your loved one from this financial burden.

You Might Have Debts

If you were to die suddenly, any outstanding debts you might have would transfer over to your spouse.  If you had life insurance, you could adjust your coverage to ensure that all these debts could be paid off with your death benefit.  Without this coverage, your partner would have to cover all your debts on his or her own.

It Could Provide Comfort

Perhaps the best reason to get life insurance is to provide your grieving spouse some comfort in the wake of your death.  Not only can a life insurance policy provide your spouse with financial security, but it will also ensure that money troubles don’t contribute to their stress.  Additionally, your life insurance could allow your spouse to take time off of work to properly mourn your death.

These are some of the reasons why newlyweds should consider investing in life insurance.  For assistance with choosing the right life insurance policy for your needs, contact the experts at Weaver & Associates in Arcadia, California.  Our dedicated team is ready to get you the coverage you need today.