Identify Your Needs

What type of life insurance should I purchase to protect my new spouse?

With marriage comes change. Most notably, you are now part of a partnership.

And as a responsible member of your new family, you must now consider your spouse’s financial future, as well as your own.

One of the easiest ways to protect your significant other is through life insurance. And if your plans involve a new home or children, it is even more important to invest in a policy to provide protection and peace of mind.

Don’t look at life insurance as a reminder of your mortality. Instead, look at is as providing for the ones you care about most. If something should happen to you, life insurance supplements other benefits while also providing funds to your spouse for medical and funeral costs. It can also pay off mortgages or other accumulated debt that may occur during your marriage.

Keep in mind that selecting the proper policy can be a complicated choice – one better made with the help of qualified professionals. Contact your Raymond James financial advisor for more information about life insurance alternatives available to you.

Which policy is best for me?

Start by comparing different types of policies. You may find that one better suits your current needs and financial circumstances. Although nothing can replace the advice of an experienced professional, our life insurance table can be a helpful starting point.

How much life insurance do I need?

While your financial advisor can assist you in determining appropriate coverage, some factors to consider include:

• Immediate expenses such as hospital bills, funeral costs and estate taxes,
• Funds for mortgage payments, credit card debt or any loans incurred,
• Short- and long-term financial needs such as monthly bills, college tuition for children or retirement, and
• Other funds for the readjustment period, allowing your spouse to move, find a new job or make similar lifestyle changes.

Selecting the proper life insurance is an important decision. Find out which policy is appropriate for you and your new family – and how much life insurance to purchase – by contacting your Raymond James financial advisor today or use the Office Locator to find our office(s) nearest you.