Why Should Married Couples Buy Joint Life Insurance | Insurance Policy for Couples

Institution Date: 06/13/2020
Life insurance is an angel who will guard your children, parents, spouse financially, either as a lump sum amount or regular payments when you depart this life journey. It depends on you, how much you want to include. With flexible plans, you can invest from Rs. 500 a month to above, as per your choice.

Since life is unpredictable and can impose many dangers. Leaving your loved ones suffering emotionally and financially can be devastating. An adequate term insurance policy can provide you with reassurance to you and dependents to be looked after.

Husband and wife are partners of sorrow and happiness. Term insurance with your spouse is a sensible option and beneficial in many ways. It can be a blissful source of funds at the time of emergency strikes.

Invest in affordable term insurance plans for married couples. The terms’ plans can be customized as per your requirements and extended to duration as per your preference.

Benefits of term insurance plans for married couples.
1. Double income Families – Families where both the spouses are working share the household expenses can opt for a term insurance cover or separate insurance for each one. Couples can protect their family and dependants for future expenses. The sum assured could be multiplied 10 times their annual income.

2. Helping Agents for Spouses – Though emotional gaps can never be filled financial gaps can work as helping agents in times of crisis. Secure the lives of your partner with appropriate policies that can make their future less uncertain. 

3. Future Requirements – Marriage entails different kinds of expenses at various stages of life. Although, the future requirements have a never-ending list, with a small investment on a daily basis can help you in the future. Always keep a thumb rule, cover at least 10 to 15 times of sum of your annual earnings for covering long term goals. 

4. Financial Secure your Dependent Children – The death of a spouse can be devastating for a survival partner, especially if they have dependent children. Your children’s higher studies, decent marriage, or other major expenses can get jeopardized. Along with your selfless love, invest in term insurance that can support them in the future.

5. Inheritance for Loved Ones – Your loved ones can buy term insurance for their lifetime. Once they gain a substantial amount either a lump sum or monthly, they will appreciate your efforts and the right step.

Marriage is a stage when you are entangled with more responsibilities and you must secure the lives of dependents. Invest in the right valuable solution of term insurance that helps you ensure a financial legacy for your loved ones. Along with other aspects, you need to secure and financially protect your loved ones with peace of mind.

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