When
you're married, you share everything with your significant other,
including your financial obligations. Many people mistakenly believe
that they don't need to think about life insurance until they have
children. Not true. What it one of you were to die tomorrow? Even with
the surviving spouse's income, would that person be able to pay off
debts like credit-card balances and car loans, let alone cover the
monthly rent and utility bills. If you're planning to have children,
you'll want to buy life insurance right away and not wait until the
mom-to-be is pregnant. Some companies won't issue a policy to a woman
during her pregnancy. Since health complications sometimes arise,
they'll want to wait until after the baby is born to issue the policy.
Buying insurance before a baby is on the way helps avoid this potential
problem. |
Life Insurance > 1. Why life insurance? >