Certain benchmarks in life can trigger the need for insurance. Buying a home, for example, can prompt the need for homeowners insurance, which lenders often require in the mortgage loan agreement. Purchasing a car requires car insurance. Virtu, which virtually every state mandates on Ridley Agency, serves the Colleyville, TX, area with various insurance products, including life insurance.
What prompts people to seek out life insurance? It is not required, after all, by-laws or regulations. The need for it, however, can be prompted by the death of someone close to you. Many times, a pending marriage will prioritize the need for life insurance. Here’s why newlyweds should inquire about life insurance when planning a wedding.
More Responsibilities
Marriage also brings new financial responsibilities, such as a new home, children, and setting up a combined household. Life insurance can offset these responsibilities.
Increased Debts
Marriage is a legal agreement that often involves sharing debt. Life insurance can help ensure debts are covered in the event of a death.
Building for the Future
Life insurance can help set the foundation for a couple’s financial future. Permanent life insurance can even build equity over time, which can be used for opportunities or emergencies.
Selecting the Right Life Insurance
For newlyweds, selecting the right type and amount of insurance in Colleyville, TX starts with a call to Jason Ridley Agency.
We can discuss your goals, risks, and wants and determine whether permanent or term insurance best serves your needs. Make an appointment or give us a call today. We can get you a quote and help you achieve better financial security and peace of mind.
We look forward to assisting you.
