If you are one half of a married couple and if you and your spouse have not yet purchased life insurance for yourselves, now is the time to do so. These are a few reasons why it's a good idea for married couples to have life insurance.
1. Cover the Mortgage
First of all, you should think about the cost of your mortgage. Many people sign the dotted line for a 30-year mortgage, but you never know what could happen during this long of a period. If you or your spouse pass away before the house is paid off, having a life insurance policy is a good idea. Then, if you get a large enough policy, your life insurance policy can help pay off the cost of the home so that it's paid for.
2. Take Care of Your Kids
If you have kids, then you probably want to do everything that you can to make sure that they are well taken care of. If you pass away prematurely because of an illness or accident, however, you obviously won't be able to work and support your kids anymore. One good way that you can focus on taking care of your kids is by getting life insurance. Then, you can ensure that your spouse has the money to take care of your children, such as by supplementing his or her income so that he or she can continue to provide your kids with the life that they are accustomed to.
3. Pay Off Your Student Loans
If you and your spouse are like many couples, you might have a lot of student loan debt. If this is the case, then you probably do not want your spouse to be stuck with your student loan debt if you pass away before he or she does and before you pay off the loans. If you have life insurance, you can make sure that it will pay out a sufficient amount to pay off your student loans. Then, you can help ensure that your spouse is not stuck with any debt that he or she did not incur.
As you can see, there are various reasons why married couples should have life insurance. These are some of the reasons why now is a good time for you and your spouse to start shopping around for life insurance. Then, you can make sure that you are covered in the event that something happens. Start today by visiting resources such as http://www.dainsurance.com.