My colleague, Neil Mathieson recently wrote an article concerning insurance for newly weds.

Couples getting together will often consider a joint insurance policy, however another option is to get separate insurance coverage.
For about 5-8% more, the couple can purchase two separate policies.

Why consider this?

Unfortunately, the frequency of divorces rivals that of marriages.

A divorce does not cancel the insurance contract. If the partners forget the policy, then should one die, the ex-partner could receive an unintended bonus.

To read Neil’s full article, visit: http://yourfinancialdoctor.ca/congratulations-so-youre-getting-married-insurance-for-newly-weds-neil-mathieson-cpa-ficb/

 

Insurance for Newly Weds