Life Insurance for Newlyweds: Starting Off on the Right Foot

For newlyweds who have just embarked on married life, their vow of ‘till death do us part’ might seem unlikely to happen during the first year of marriage as you both look enthusiastically forward to a happy and healthy time together. But unfortunately, life is unpredictable so being prepared before tragedy strikes can help ease the financial burden of such a traumatic and life-changing situation.  
 
Have a look at how life insurance for newlyweds can ease unnecessary worry by ensuring that your new spouse will be taken care of after you are gone.

What is life insurance for newlyweds?

As the name implies, this type of insurance is designed for couples who are about to join their families and assets through marriage. Yet, unlike a typical life insurance, the length of coverage is much shorter – usually the first 6 months or year of marriage – while both spouses are covered under a single policy which means that you will be able to provide for each other if one of you passes away. 

Why you need insurance as a newlywed coupl

Insurance might be the last thing on your mind before or right after saying your ‘I dos’, however, there are several reasons why it makes sense to take out a policy. Here are some factors: 

• You want to ensure that your partner will be taken care of: if an unexpected tragedy occurs, your spouse will not have to worry about financial problems during such a difficult time. Providing a financial safety net, an insurance policy may also help with costs such as funeral fees.  
• You have taken on debt: whether it is credit card bills or a small loan for that additional car, most couples rely on two incomes to repay such things. If something unanticipated happens though, your spouse will be left to shoulder a financial load on their own.  
• You want to make the most of premiums: life insurance can be expensive the older you get due to the increased health risks that come with age. Thanks to insurance coverage designed specifically for newlyweds, your loved one can get the necessary support without having to pay a hefty fee for it.  
• You are planning to start a family: if becoming parents is expected to happen imminently within the first year of marriage, insurance will offer an extra layer of protection by helping to settle any outstanding bills or debts so that your spouse can focus on raising your child without any additional financial burdens.  

Where can you get life insurance for newlyweds? 

Whereas obtaining protection for things like your home or car are common, there are other less obvious times when life insurance is a must. Coverage specifically designed for newlyweds is not popular locally so whether you are engaged or just married, CC’s Free Life Insurance for Newlyweds is a unique and innovative product which offers all qualifying recently married couples free life insurance for up to one year. In essence, it provides a sum on the death of one spouse that can help to pay any bills and expenses, inheritance taxes which may be due or offer financial help for the short-term.   
 
Have a look at our full range of life insurance protection plans that will cover your other needs.