AccuQuote Recommends Newlyweds Say "I Do" to Term Life Insurance
AccuQuote.com, a leading provider of term life insurance quotes to people across the United
States, encourages newlyweds to purchase life insurance this wedding season. Suggests
newlyweds take advantage of low rates while they are young and healthy.
Wheeling, IL (PRWEB) June 30, 2009 -- AccuQuote, a leader in providing term life insurance quotes to people
across the United States, recommends that newlyweds obtain a life insurance policy during the early stages of
marriage. The multi-carrier life insurance brokerage offers simple life insurance advice for newlyweds to start
their marriage off on the right foot.
"With all of the joy marriage brings, it also brings many shared financial responsibilities," says Byron Udell,
CEO and founder of Accuquote. "There is no better time to buy than when you're young and healthy because it's
easier to find discount life insurance."
The first step is to discuss each other's future financial needs, including a potential loss of income, outstanding
expenses, and future purchases. By determining these needs, you can purchase a term life insurance policy that
will suit your spouse's specific financial obligations if you were no longer around to contribute.
"Don't wait until it's too late to purchase term life insurance," says Udell. "Just like marriage, life is full of
unexpected events that could leave your beloved without financial security."
The second step is to determine if and when you will have children. For those couples planning on joining the
world of parenthood, consider this rule of thumb. Purchase a term life insurance policy that will keep your
children protected after their college years, around age 25 or so. A 20 to 30-year term life insurance plan is the
best option to consider that will provide your children with the best long-term coverage possible, depending on
their specific needs. According to life insurance experts, coverage based on 10 to 15 times your combined annual