 | Lori Johnson is an insurance agent for Farm Bureau Financial Services, located at 219 S. Ozark, Girard, KS 66743. She can provide strategies for all stages of life: Vehicle, Homeowners, Farm, Business, Life Insurance, Annuities, Mutual Funds, Disability, Long-Term Care, Retirement and Education Funding, She is your resource for innovative insurance and investment products and services. To schedule an appointment, please call (620)724-4213 or email lori.johnson@fbfs.com. |
Insurance
2010-09-01 09:41:00
Marriage and combining policies
Answer: A new marriage brings joy, security, contentment and anticipation about what the future may hold. You’ll be experiencing changes, making many decisions and preparing for a long and happy life together. It is important to contact an insurance professional to help you set goals and take action to help ensure a secure financial future as you begin your journey.
Life insurance for a financial foundation:
Now there are two of you, at least … and there may be more on the way in the future. Now is a good time to consider purchasing life insurance. Life insurance can provide benefits while you’re living, and help your family after you are gone with things like the mortgage and car payments, child care and college costs. There are a variety of life insurance products, including term or permanent coverage, designed to meet your changing needs.
Homeowners insurance:
Along with marriage comes combining households. You may be moving from a rental to your first home or moving into a current home and selling the other. In any situation, you want to be sure you have homeowners insurance or renters coverage to protect your assets in case of unexpected loss. It provides coverage for your home, personal property and liability for any lawsuit or claim brought against you.
Auto insurance:
It’s also important to update your auto insurance, so you and your spouse are covered under the same policy. If you’re blending families and have teen drivers, you will want to make sure they are included under your auto insurance policy, too. Auto insurance provides protection against financial loss resulting from collisions, vandalism, break-ins and other situations where damage or injury may occur to you or others.
Investing:
As you start your lives together, remember that the earlier you begin to save and invest, the more likely you’ll be to have enough money to live comfortably, help with education of your children and fulfill your dreams after you retire.
Keep your documents current:
It’s important to keep legal, financial and insurance documents up-to-date, and in a safe location known to family members. As your life changes, this information will need to be reviewed and changed as well.
As you marry, you are embarking on an adventure in your life … a new direction with many exciting times ahead. I wish you well on your journey and a smooth transition.
