Two to Tango!

imageWho doesn’t shed a tear when the bride is walking down the aisle to Wagner’s “Bridal Chorus” or exiting, with her prince, to Mendelssohn’s “Wedding March”? Two very short words strung together create a union and change people’s lives: “I DO”

Happy nuptials!

Now that the decisions of a florist and a photographer are behind you, new decisions must be made. The happy couple begins to rely on each other for support, whether it’s emotional and/or financial. We can’t help you with emotional, but we can assist with the financial decisions a couple should consider.

Whether you are a dual income household or you’ve decided to have a spouse stay home to care for young children, there are repercussions if all does not go according to “the plan”. Each spouse agrees and becomes accustomed to the other spouse’s strengths. It’s not so dissimilar from when business partners (link to partnerships) join forces.

There are critical questions that hypothesize the worst-case scenario your family could encounter. No one likes talking about it, but you will be better prepared for the worst case scenario than to face it with fewer/limited options after-the-fact. You can choose to ignore the possibility, but unfortunately avoiding a potential new reality will be difficult without resources.

Death
Life Insurance provides for the following:
1. Replacement income to pay the mortgage/rent, food, utilities, etc.
2. Provides for the cost of childcare if the primary caregiver dies.
3. Assists with continuing with college and retirement savings strategies.

Disability
In the event a spouse is disable and unable to continue in the capacity of their occupation, Disability Insurance provides for the following a partial percentage of their salary to maintain steady stream of income.

Insurance is financial security in a time of need. Unfortunately, with insurance, you have to get it when you don’t need it, because when you need it, you can’t get it.

Please call us to discuss how families protect their assets so they can provide for their loved ones.