Term Life Insurance Plans for Newlyweds
What term life insurance plan should I choose as a newlywed?
Congratulations on your upcoming or recent wedding! We hope you enjoy this exciting time in your life. Now is also a good time to think about the future.
To better prepare for the road ahead, you may want to consider the various term life insurance products we offer:
10-Year Term Life
Often best suited for people who have shorter-term financial responsibilities.
20-Year Term Life
People who choose a 20-year term often do so because they have a good idea of what the next 20 years will look like and what sort of debts they’ll have.
Term to 100 Life
Quite often, people choose Term-100 because they want lifetime coverage at a fixed cost.
There are benefits as to why having term life insurance makes sense. If you’ve recently tied the knot, you may want to consider our 20-Year Term Life insurance as you may have a good idea of what the next 20 years will look like. To learn more, you can speak to a licensed advisor.
Do I even need life insurance at all?
No one likes to think about the worst-case scenario. You may think that you don’t need life insurance, especially if you’re not planning to have children or don’t have any yet. But there are other factors to consider.
Having life insurance would also mean that your passing may not be as much of a financial burden to your spouse. You could provide them with a financial resource that could help cover costs of living so that they could take some time to grieve without having to worry about paying for the necessities.
In short, being proactive about life insurance is often a sound approach that can help provide financial security for your loved ones.
Do I need life insurance now?
At this point in your life, you might be thinking that you don’t need life insurance. After all, you’re still young and may not have any dependents in the picture yet. But, your age may make getting life insurance now an attractive option.
Buying life insurance can be cheaper when you’re younger. Getting older increases the risk of having to make a claim — and premiums rise to make up for that because you are generally healthier and more likely to be approved for coverage.
TD Term Life Insurance is an individual life insurance plan underwritten by TD Life Insurance Company. Not available to residents of the province of Quebec. Some restrictions may apply. See Insurance Policy for coverage details, including limitations and exclusions.