Life Insurance After Marriage

Marriage is one of those milestones in life where life insurance becomes important. Tying the knot, or even maintaining a committed, long-term relationship, provides a strong reason to buy life insurance, even if you don't have children. Spouses or partners who own a home together need to consider life insurance to pay off that mortgage. For married couples with children, it's an absolute necessity.

If you work outside the home, the value of life insurance is clear. A household that depends on two incomes has to cover the financial loss of one of those incomes. And if you work at home caring for your family fulltime, you still need the protection of life insurance because that work carries a replacement dollar value. In your absence, your family would need to pay for child and home care to replace your loss. Life insurance will take care of those family needs.