Inquiries Newlyweds Have Regarding Life Insurance
How much life insurance does a couple need?
A couple should determine life insurance needs by evaluating each other’s financial responsibilities.
What kind of life insurance policies suit newlyweds?
The two main types of life insurance are term life and permanent life. Term life is more popular with young people who don’t have children because it’s more affordable.
Is life insurance necessary for a couple without kids?
You don’t need kids to get the benefits of a life insurance policy. Your spouse can still use the coverage if something happens to you.
Is life insurance affordable?
It’s usually more affordable than young people imagine. the cost of a life insurance policy for a couple is usually customized based on their current financial situation.
What is life insurance used for?
One of the best gifts newlyweds can give each other for planning a brighter future. The policy covers a death benefit in which the policy pays the funeral and final expenses.
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