5 Reasons Why Life Insurance Makes A Practical Yet Appreciated Wedding Gift


When you receive news of an impending wedding, you may be wondering what gift to give that will truly show how much you care. While it is common practice to register at certain stores or have a honeymoon fund, why not give the gift of protection and peace of mind with life insurance? Here are five reasons why life insurance makes a practical and much-appreciated wedding gift. 

1. It's Affordable. 

Contrary to popular belief, life insurance doesn't have to be expensive. In fact, rates have never been more affordable, especially for young couples starting out. A policy only becomes more expensive as you age and develop health conditions, so it's best to get insured while you're young and in good health. While no one expects you to purchase all the coverage they will ever need, it is important to note that experts suggest having 10 to 15 times your annual salary in life insurance coverage.

2. It's the Perfect Backup Plan. 

No one likes to think about worst-case scenarios, but it's always best to be prepared. If something happened to one or both partners, life insurance could provide the financial stability necessary to maintain their current lifestyle or pay off debts. This type of coverage is especially important if the bride and groom have children or other dependents now or plan to in the future.  

3. Premiums Are Locked In. 

When you purchase life insurance early on in life, you lock in rates at a younger age. Then, as you get older, rates will increase as your health changes. By buying a policy now, you can help save the new couple money down the road and ensure that they are taken care of no matter what happens.

4. They Can Convert It Later. 

If they decide later on that they no longer need life insurance, most policies allow you to convert them into different types of coverage without having to prove insurability again. This could come in handy down the road if they develop health conditions that make it difficult to qualify for new policies. 

5. It's Flexible.

Life insurance is one of the most flexible types of coverage available today. Not only can it be used for its intended purpose (providing financial protection in the event of your death), but it can also serve as collateral for loans or be sold for cash value if needed.  

Life insurance makes an excellent and practical wedding gift. Its affordability and flexibility add to its usefulness. Show the happy couple how much you care by giving them the gift of protection with life insurance.

Contact a local life insurance company to learn more.


20 September 2022

How to Invest in CDs

My name is Eva, and I have been a personal investment adviser for the past 15 years. I have helped many clients wisely invest their money, and I want to give you some tips I have picked up along the way. Many people discount the use of CDs in investments, and I believe that this is a mistake. Financial professionals agree that CD rates are going to rise, and you can take advantage of that now. This blog will tell you how to find CDs with the best rates, how to build a CD ladder for investment purposes, and why CDs can be better than a savings account.