Once you get married, you have quite a few legal items to take care of, such as changing your name, dealing with health insurance, and consolidating finances. Another important item you’ll need to consider is life insurance. While many couples choose to invest in life insurance before they get married, it’s not too late to purchase insurance after you say, “I do.”

If you’re purchasing life insurance after you get married, make sure that you take the time to talk about the type of insurance you need. You want to choose a policy that will cover you for many years. Take the time talk about your current income, your financial needs, and even how many children you want to have. It’s important to make sure that the surviving spouse and any children you may have are taken care of financially if one spouse passes away. 

If you’re planning to have children, consider how much money it will take to support the surviving spouse and the children until the children are grown. This can help you decide the term you want for your policy and the amount of insurance you will need. 

It’s also important to consider your mortgage or other loans you and your spouse have. If you do have a mortgage or other substantial loans, you may need to purchase additional life insurance to help cover these loans if one spouse passes away. 

Although one or both of you may have some life insurance coverage through your employer, it’s important to evaluate that coverage to decide if it is enough for the family. You still may need to purchase additional insurance to ensure that your loved ones will be well taken care of financially. 

Whether you’ve been married for a few days or several years, it’s not too late to get life insurance. In fact, it’s a good idea to purchase a policy that will take care of your family. Start your search by deciding on the coverage you need. Then you can get life insurance quotes to find an affordable option that fits your family’s unique needs.