After the Honeymoon
By Sy Alter, Chartered Life Underwriter
© 2006
When John and Mary started planning for their wedding, they were both thrilled and excited about the big event. After all the weeks and months of planning for their wedding, the happy nuptials had finally taken place and they were about to embark on an exciting new future. As with most couples, they both have dreams and plans for the future and look forward to spending a lifetime together. But like anything in life, there is always the unexpected.
What Would Happen if One Partner Passed Unexpectedly?
While most people would rather not talk about the possibility of passing on without warning, the truth is, life does not always go exactly as we planned. In the event that the primary breadwinner passes away, consider for a moment what could happen if one partner were quite suddenly gone. Would the remaining spouse have the money to pay for final expenses? Would they be able to eliminate incurred debts that include credit card balances, car loans or mortgages? Would they have the opportunity to adjust to having just lost their partner without immediately stressing about money?
Meeting Financial Obligations
Considering that marriage is one of the most significant moments in our lives, marriage means making adjustments to and with each other and one of the biggest adjustments will now be meeting new financial obligations. Naturally, once the happy couple settles into their new lives, most husbands and wives usually start thinking about buying a house or consider having a baby. And while they are not usually thinking about insurance needs, it actually should be one of the most essential considerations. Why? Because newly married people eventually become very dependent on each other, particularly in the financial arena and should consider protecting each other by purchasing life insurance for each spouse. Start your instant quote here
Purchasing Life Insurance Can Ease the Financial Burden
Once a marriage takes place, purchasing Life Insurance can ease the financial burden that a spouse could face in the event that one partner dies prematurely. As a married couple, you share financial obligations and if one of you passes on, the remaining partner is often without the means to get through this difficult period. To avoid any upsets and unexpected financial obligations, the first step in a new marriage is making sure you meet the financial needs of your family, and that can be achieved by purchasing Life Insurance. Whether you are the sole wage earner or both partners share in the generating of income, a Life Insurance policy will cover the income that might be lost in the event of an untimely death.
About the Author:
Mr. Sy Alter is a Chartered Life Underwriter and a veteran insurance professional with more than three decades of experience in the life insurance arena. Mr. Alter specializes in areas of insurance, estate planning, buying and selling insurance, deferred compensation and corporate benefits. He maintains a solid track record of success working closely with families, doctors, lawyers and high profile individuals and businesses. Mr. Alter has also developed a lofty level of expertise providing life coverage to individuals with health impairments ranging from by-pass surgery, hepatitis, diabetes, sleep apnea as well as various types of cancers and other maladies. Mr. Alter has been guest speaker at the Financial Executives Institute as well as many other professional meetings and conferences. As Chairman of Spectrum Direct, he is available for consultations and speaking engagements and can be contacted by e-mail at salter@spectrumdirect.com or by phone at 949.600.7901.
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