Why Married Couples Need Life Insurance
Life insurance is a necessity if you are married because of the many assets you and your loved one shares.
Reasons why you need life insurance if you are married
You are merging or sharing finances
This one is a biggie. One of the main reasons why someone purchases life insurance is that it replaces income. What does this mean exactly? If you or your loved one passed, your life insurance policy would replace the income lost, ensuring that you can live your life without financial stress.
You may want to start a family or already have children
If you and your spouse have children, this is another reason to purchase life insurance. Life insurance is essentially for your loved ones, not you. Your children rely on you for everything. If you or your loved one passed, you need to ensure that they are taken care of. Life insurance will fill that void and provide financial stability for your child.
The sooner you buy, the cheaper your policy will be
The younger you are, the further you are from death. Life insurance carriers will see you as low risk and let you pay for your coverage. With that being said, the healthier you are, the lower your price will be. Insurance carriers feel safe providing plans to people that are young and healthy.
The contemporary life insurance market is way more extensive than a source of income for beneficiaries when catastrophe strikes. With a plethora of options, these plans offer you and your entire family peace of mind, and often give your money investment opportunity to allow you to enjoy the money invested during your lifetime.
Choosing the perfect life insurance plan depends as much on your financial needs as it does on your health class rating. We will assess all factors and guide you through every option until we find the perfect plan for you.
Cosmo Insurance Agency is knowledgeable in various options including but not limited to – term, ROP, permanent and whole - from over two dozen A rated carriers. We are familiar with the rate classifications that particular carriers use to determine the health class of enrollees – and there are significant differences between them. No matter what the results of your medical examination are, we will find the insurer that will provide you will the best rating class and thus the lowest premiums.
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