They met. They fell in love. They planned the wedding, chose the setting, sampled the caterer’s creations, bought the dress and ordered the cake. If you’re reading this, you probably know all the details! Most people look forward to all the excitement and festivities with great anticipation as well they should. In general, your wedding day is one of life’s highlights. One thing we all know is that it takes a lot of planning, and so does what comes next; the financial realities of dealing with a long term commitment to one another and perhaps children.

What Would Happen if One Partner Passed Unexpectedly?
Nobody looks forward to thinking about the possibility of a death in the family, particularly one’s partner. But the world does occasionally present the unexpected to us, tragic as that may be. A careful examination of reality will tell us that there is at least a small chance that the unexpected passing of a loved one may affect us financially at some point. The question is what would happen to the surviving spouse and children? Would they have the funds to pay for final expenses, debts, car loans and the other financial necessities and realities of life? Would they have an income sufficient enough so that they would not have to go through the extreme stress of financial problems? It is already bad enough going through a severe emotional loss but life insurance can help prevent financial problems at this critical time.

Many Commitments, Including Financial
When we make the marriage commitment, we make a commitment on many levels; emotional, romantic, social, building a life together and for some of us there’s even a business relationship involved. So we go about buying or renting a home, setting up a household, having children and participating in the world as a couple or family. There are so many commitments involved in all of that and then there is also a financial commitment that we will be there for one another and protect each other’s interests. We save for the future together but the future is uncertain, that’s where life insurance comes in. Married people eventually become very dependent on each other, particularly in the financial arena and should consider protecting each other by purchasing life insurance for each spouse.

Why Buy Life Insurance on Both Spouses?
If a two-income family relies upon the income of both spouses to meet the family’s financial obligations, then obviously, if one wage-earner dies, there is a need for life insurance so that the family can address its financial needs going forward without that person’s income. But, some people may ask: Why is it important to have life insurance coverage on a spouse who is a “stay at home” Mom or Dad? This is a good question and a careful examination of all that person does in daily life will provide the answer. The “stay at home” spouse is probably the one primarily responsible for taking care of the children and all their needs, running the household and numerous other responsibilities that contribute to the benefit of the family and children. How will all of that be taken care of if the “stay at home” spouse passed away prematurely? Many surviving spouses have found that life insurance provided the financial resources to pay for the required help they needed. To begin your life insurance process start by getting your instant quote here.

About the Author:
Mr. Sy Alter is a Chartered Life Underwriter and a veteran insurance professional with more than three decades of experience in the life insurance arena. Mr. Alter specializes in areas of insurance, estate planning, buying and selling insurance, deferred compensation and corporate benefits. He maintains a solid track record of success working closely with families, doctors, lawyers and high profile individuals and businesses. Mr. Alter has also developed a lofty level of expertise providing life coverage to individuals with health impairments ranging from by-pass surgery, hepatitis, diabetes, sleep apnea as well as various types of cancers and other maladies. Mr. Alter has been guest speaker at the Financial Executives Institute as well as many other professional meetings and conferences. As President of Spectrum Direct, he is available for consultations and speaking engagements and can be contacted by e-mail at salter@spectrumdirect.com or by phone at 949.600.7901.