AccuQuote Recommends Newlyweds Say "I Do" to Term Life Insurance
AccuQuote.com, a leading provider of term life insurance quotes to people across the United States, encourages newlyweds to purchase life insurance this wedding season. Suggests newlyweds take advantage of low rates while they are young and healthy.
Wheeling, IL (PRWEB) June 29, 2009 -- AccuQuote, a leader in providing term life insurance quotes to people across the United States, recommends that newlyweds obtain a life insurance policy during the early stages of marriage. The multi-carrier life insurance brokerage offers simple life insurance advice for newlyweds to start their marriage off on the right foot.
"With all of the joy marriage brings, it also brings many shared financial responsibilities," says Byron Udell, CEO and founder of Accuquote. "There is no better time to buy than when you're young and healthy because it's easier to find discount life insurance."
The first step is to discuss each other's future financial needs, including a potential loss of income, outstanding expenses, and future purchases. By determining these needs, you can purchase a term life insurance policy that will suit your spouse's specific financial obligations if you were no longer around to contribute.
"Don't wait until it's too late to purchase term life insurance," says Udell. "Just like marriage, life is full of unexpected events that could leave your beloved without financial security."
The second step is to determine if and when you will have children. For those couples planning on joining the world of parenthood, consider this rule of thumb. Purchase a term life insurance policy that will keep your children protected after their college years, around age 25 or so. A 20 to 30-year term life insurance plan is the best option to consider that will provide your children with the best long-term coverage possible, depending on their specific needs. According to life insurance experts, coverage based on 10 to 15 times your combined annual salary will be enough to cover your family's needs while they get back on their feet after you are gone.
In addition to providing your children with a security blanket, it is important that you and you spouse consider you own financial future as well. Having a term life insurance policy independent of life insurance offered though your employer will keep your spouse protected if you were to lose your job.
"Unfortunately, no one can predict the security of their job, but they can make sure to provide their beloved with financial security if they were to lose their employer's benefits," says Udell.
About AccuQuote
AccuQuote helps consumers find the best values in term life insurance by combining instant online life insurance quotes with the personal service of unbiased life insurance professionals that can help answer questions, identify important issues, and make meaningful recommendations. The company offers consumers an extensive selection of life insurance options, including term life, whole life, and universal life, as well as selected annuities. The website has many handy insurance tools, including a life insurance needs calculator to help you figure out how much to buy, a glossary that explains industry terminology, a collection of articles that cover the basics about life insurance, and a blog which answer many questions about life insurance. For additional information or to get quotes for cheap term life insurance, please call 1-888-314-4455.
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