Stafford Springs, CT (PRWEB) February 14, 2013
Valentine’s Day is not just a commercial holiday. Every year, couples see the holiday as a day to celebrate love – past, present and future. This year, according to consumer reports, an estimated six million couples are likely to become engaged on February 14. This means that February 14 is not just a day to celebrate love, but a marker of new beginnings. For couples preparing to tie the knot and change their lives forever, there is more to think about than just music, venues and honeymoon destinations: what about life insurance?
Making the decision to get married is a major life change for many couples. Before, an individual may have been fairly independent, with not many other people relying on him or her for financial support. Once married, couples find that they not only have a drastic change in their lives and support systems, but also their financial lives. That is exactly why when it comes to all of the important decisions on a wedding to-do list, life insurance should be at the top of the list.
Life insurance can be confusing to people, however. An estimated 70% of Americans do not understand life insurance. Connecticut residents are in luck, however. Local Connecticut insurance agents at Paradiso Insurance want them to understand the basics of life insurance.
Term Life Insurance
- Life insurance coverage for a specific time period
- Lower premiums for higher coverage
- The coverage can expire, and rates can change after that
Whole Life Insurance
- Permanent coverage for the entire duration of someone’s life
- Can build equity
- Can have cash value
Term and Whole Life Combined
- A lifelong base of whole life coverage
- Specific time periods of an individual’s life can be supplemented with term life insurance
The insurance agents recommend that couples obtain enough coverage to be able to provide for the surviving spouse. The surviving spouse should be able to continue to live at the current lifestyle the couple already enjoys and be able to pay off final expenses.
At Paradiso Insurance, agents are able to offer comprehensive life insurance. Connecticut residents who would like more information or to discuss their personal life insurance situation are encouraged to give the agency a call. The agents would be more than happy to answer any questions.
About Paradiso Insurance:
Paradiso Insurance has more than 11 years of experience providing insurance solutions and financial services to residents and businesses in the Connecticut area. Our agency carries all lines of insurance — notably home, auto, investments, life and Connecticut commercial insurance. Whether you're looking to purchase insurance for the first time or simply want to re-evaluate your coverage, Paradiso Insurance will be there for you.