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Thinking about how marriage will affect insurance needs is not on top of a couple's list of priorities when they exchange wedding vows. But at every life stage and with every change, insurance needs to become a priority. Amrita Das shares a few tips that can help make your insurance marriageready. Read on...

TIP Update all policies to add the new spouse and cancel any unneeded polices such as 1 the policies that you may merge like auto, homeowners or renter's insurance TIP Beneficiaries need to be changed on existing life and annuity policies. Although 2 in most states your spouse is automatically your beneficiary it is still best to change TIP You might also want to broaden your life insurance to include your spouse and to 3 raise the policy value, so as to get better cover and returns TIP Merge your health insurance since the rate will be better.


If the cover being 4 cancelled is offered through an employer, check if the premium can be reimbursed TIP You and your spouse should also consider coverage such as pre-natal care and 5 lower deductibles when deciding which company to stay with TIP Renters or homeowners insurance limits will need to be changed for your spouses' 6 personal items. Also, submit a fresh list of items to be included for insurance TIP Don't forget to get valuables covered under your insurance.

Consider getting 7 endorsements for valuables such as wedding rings, fur and jewellery TIP If you or your spouse doesn't carry any cover, long-term care, or disability 8 insurance, now is the time to consider purchasing those additional policies Source: Bajaj Allianz General Insurance
Source :- My Digitalfc