Wedding Bells, Part 2 of 5
Posted by
Bruce Moore on Thursday, November 06, 2008 at 1:35 PM
Categories:
Miscellaneous
In part 1, we talked about getting started in finances in a marriage regarding who owns what, and when it makes sense to separate your transactions. This time, let’s talk insurance.
Getting the insurance protection you need. If both of you are covered by health insurance through your employer, determine how much your employer is paying on your behalf, or you may find that it is more economical to combine your coverage under one of the plans. After carefully comparing benefit plans, you can choose the one that offers the protection you need for the most affordable cost.
You’ll also want to reevaluate the amount of life insurance you now need based on your level of dependence on each other’s income. If you are equal wage earners, the limits of protection you choose will be different than if one partner is the primary breadwinner. An insurance professional can be a valuable resource in helping you select the right coverage limits.
Comments
Currently, there are no comments. Be the first to post one!
You must be logged in to post a comment. You can login here.