If you’ve recently married, you’re probably not concerned with life insurance, as you’re looking forward to the rest of your lives together. There are a few reasons you should probably go ahead and get it taken care of, though, so you can protect your spouse in the future.
1. Accidents Happen
While you are looking forward to having a long life, there are risks of accidents that could cut life short. If this happens, your spouse will be in mourning and going through some of the most overwhelming feelings. The last thing they have to worry about with life insurance is financial coverage during this process.
2. Maintaining Property
In the event of your death, the property and debt that you’ve accumulated during the marriage will fall on the shoulders of your spouse. While it’s already challenging to plan a funeral during this time, a life insurance policy can give them the money they need to pay the balance on the property that they shared or wanted them to have. Because you likely don’t have strong savings early in the marriage, this is difficult for them to do independently.
3. Instant Savings
In a marriage, one of the goals is to build savings together. If you pass away, your savings may not be where you want them. With a life insurance policy, you can leave behind a large enough lump sum that your spouse can use for instant savings, and have that final gift of love and gratitude from you. This is a great way to ensure you’re still providing for them, even if you can’t physically be there.
Have peace of mind for your spouse by getting a life insurance policy today with CXE Insurance. We proudly serve clients living in or around the Sellersburg, IN area.