What is the best life insurance for newlyweds?
The best life insurance for newlyweds really depends on your personal situation and what you want your life insurance to accomplish.
If you both need life insurance to provide for your final expenses, funeral and burial costs, then a permanent life insurance policy may be a good idea. However, if you are young, you probably have many years to save for those expenses.
If you are young, or on a budget, or just want to get the most life insurance for your money, a term life insurance plan may be a good idea.
Term life insurance offers the most affordable life insurance protection. And, you can choose coverage for 10, 15, 20, 25 or 30 years. If you need longer protection you can get renewable term life insurance that allows you to renew your policy when it expired in 20 or 30 years. However, the rate at renewal will be based on your age at that time.
For example, a 30 year level term life insurance policy for you and your spouse will have level premiums each year, and the amount of life insurance stays the same throughout the 30 year term of your policy.
Learn more about life insurance for newlyweds and review more information and tips to help you find affordable life insurance policies for you and your spouse.
