The summer months of June, July, and August are truly the peak wedding season. Brides and grooms have been diligently planning over the past year to create an event of lifelong memories. Whether you’re the bride or groom, a member of the wedding party, or simply a guest, weddings create an environment of love and mutual caring for one another. One’s own understanding of life’s priorities, and their devotion to the people around them is profoundly clear. To love someone with such purpose is to accept responsibility for their well being. For the newly married couple, this is obviously the spouse and any children, and for the parents of the bride, perhaps this is the entire family. But what would those people do if something were to happen to you? What if “until death do us part” became an unfortunate reality? The “what if” explains why marriage is an important time to review your needs for life insurance protection.
Ideally, reviewing your life insurance coverage and making adjustments to meet your new financial obligations should be the first thing that you do as a married couple—even before the honeymoon. If you already have an existing life insurance policy, getting married is the best time to update the beneficiary designation to name your spouse as the beneficiary.
