Preparing For the Unforeseen
If you are married, you will need to execute major decisions about property planning and insurances. If both your employer covers the health plan on your work, it is vital to check out which plan will put you in the most advantageous situation.
Like for instance, does one plan provides a broader selection of physicians or lower premiums? Does your plan cover pregnancy or preexisting circumstances that your plan does not?
Be informed enough to know that getting married is one of the events in life that enable you to change your insurance without waiting for the annual period when people can enroll in a health insurance plan or the open enrollment period, so spend this time carefully.
Along with health insurance, this is also a great event to address life coverage. When you are single and do not have kids, there may be a slight requirement for life insurance since nobody relies on your income but you alone.
On the other hand, when you get married, you must discuss what would occur if your spouse was left to sustain your family alone, and consider whether life insurance would be relevant or not.
An unexpected loss of earnings can be overwhelming to a family. Even if kids are not yet in the picture, life insurance could support with funding for funeral expenses or any particular debts you leave behind, like a mortgage or student loans.