As someone who didn’t understand life insurance for the longest time, I totally get it: talking life insurance with your partner doesn’t exactly sound like stimulating conversation. However, I’m here to prove to you that life insurance is definitely a conversation that you should prioritize, whether you’re married, engaged, or financially dependent on your partner/vice versa!
I’m also here to spill the beans on how my husband and I saved $70/month by signing up for life insurance with Bestow!
Photo by Karina & Maks
A little FAQ when it comes to life insurance:
When should my partner and I purchase policies"
This answer is totally dependent on your situation. Here are a few scenarios where purchasing life insurance might make sense: You own a home, co-sign on a car/expensive lease, etc.
You have student loans or another type of loan
People depend on you financially, or you depend on your partner financially
You’re expecting a baby or planning for a baby!
Do any of these sound like you" Might be time to figure out how much life insurance you need!
Something else worth mentioning: a lot of people think that they’re too young for life insurance, but purchasing life insurance in your 20s is actually a smart move as insurance companies raise rates the older you get. If you think you might purchase a policy 5 years down the road, when your situation has changed, it might make sense to pick up a smaller policy now versus...