Even though you just promised to be faithful until death do you part, you don’t want to think about the reality of that possibility for many, many years. However, accidents and illness can happen at any time, making life insurance an important part of every couple’s financial planning. When discussing your life insurance options with your independent insurance agent, consider the following factors.

• Living expenses: Many young married couples rely on two incomes to make ends meet. If your spouse were to die, would you be able to continue paying for living expenses? Life insurance benefits both dual-income couples and single-income couples. In the latter situation, life insurance benefits stay-at-home spouses by providing a form of income, while also benefitting primary wage earning spouses by providing additional funds to pay for housework and childcare.
• Debts: Young couples are often plagued with debts, making monthly payments on homes, cars, furniture and student loans. A life insurance policy could help a surviving spouse continue making monthly payments, or a larger policy could help pay off debts in full.
• Kids: Raising children is a huge expense, which can double if you choose to fund their college educations as well. Life insurance can ensure that your surviving spouse can continue to afford the costs associated with having kids.
• Type of coverage: There are two main types of life insurance to choose from. Term life insurance covers the policyholder for a preselected term, while permanent life insurance lasts for the duration of the policyholder’s life.

Protect your family. Call C.J. Noel Insurance Services at (239) 403-8391 for more information.