Whether you dream of having kids, buying a house, or traveling the world, every married couple has plans for the future. But what if something happens to one of you? Would the other have the financial resources to move forward, support the family, and achieve their goals? Below are a few reasons life insurance is an investment every married couple should make.

The Benefits of Life Insurance for Married Couples

1. Married Couples Have Higher Expenses

Two incomes allow married couples to make purchases they couldn’t afford on their own. If you’ve purchased a home, bought a new car, or have children to support, life insurance can help the surviving spouse avoid a financial catastrophe.

2. Paying Off Debts

If one married spouse passes away, the other will still be responsible for the mortgage, credit cards, and other marital debts. With the death benefit life insurance provides, your spouse can pay off debts that might otherwise drive them into bankruptcy.

3. Providing for Your Children

If a tragedy occurs and both of you pass away at the same time, you can leave your life insurance payout to your children, giving them the resources to begin building their own lives. This allows you to keep caring for those you love, even after you’ve passed on.

4. Covering Burial Expenses

The average funeral costs over $7,000, but may be more in some areas. Your life insurance policy can cover these costs so that your family can focus on one another and the grieving process without worrying about finances.

5. Taking Advantage of Lower Rates

Life insurance premiums are dictated mostly by age, so younger couples will get high-quality coverage at very low rates. The longer you wait, the higher the monthly premiums will be, so buying a policy now will save thousands of dollars in the long run.

Life insurance is one of the most important investments you will ever make, so turn to a proven agency known for their honesty and reliability. The Kalita Agency has been serving Litchfield County, CT, since 1960, offering the personalized attention these crucial matters deserve. Visit their website for more on their life insurance services, or call (860) 274-8882 for a free, no-obligation quote.