Of course, when you are preparing for your wedding day, you don’t think about how marriage affects insurance. But still, the insurance needs should be always in priority. Such basics as address and name changes are far not the only insurance evaluations that you should think about after the marriage.
Consider the following 7 steps to make ready your insurance after the wedding day.
1. You should update all policies you have, adding your spouse, and cancel all polices you don’t need any more.
2. You should buy new life insurance policy or change the beneficiaries on annuity, life policies you have already bought. Though almost in every state your spouse becomes your beneficiary, you’d better make these changes by yourself. Also you can broaden your life insurance and include the spouse in your policy.
3. Think about merging your health insurance as it may better the rate. Also check whether the premium portion, that the employer pays after you have canceled your health insurance, is eligible for reimbursement.
4. Moreover, your spouse and you should think about such types of coverage as pre-natal care.
5. Homeowners and renters insurance limits should be changed due to the added personal items of your spouse.
6. Also you may get the endorsements for such valuables as furs, wedding rings and other expensive property.
7. If neither you nor your spouse currently carry long-term care, umbrella, or disability insurance, it would be better for you to think about purchasing these additional policies
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