Auto: The good news is that now that you're married, you can add your vehicle to your spouse's policy and obtain a "multi-vehicle" credit. Review both of your policies and decide which policy you want to use. Keep in mind however that if one of you has points, those points will automatically be applied to the more expensive vehicle to insure - no matter who drives the vehicle primarily. If you both have excellent driving records then combining your policies into one should only be of benefit to you.
Life: Joining together means sharing responsibility with and for someone else. If you both work, you'll depend on both incomes to maintain your lifestyle. Or if one spouse works, that income will be depended on. If you have assets together, you'll most likely have loans and debt as well. Life Insurance ensures that in the event of a death, the surviving spouse is taken care of. There are two basic types of life insurance: Term Insurance and Cash Value. Term Insurance is the simplest form and provides a death benefit for a certain amount of time. Cash Value life insurance provides permanent protection and also accumulates cash value over time. The policyholder can use the value as an investment or can borrow from it. There are several different types of cash value policies.
Are you getting married or are you a newlywed? Congratulations! We'd love to help you out and make sure you and your spouse have adequate coverage. Please contact us at (978) 562-3464
Thomas E. Sears Insurance Agency, Inc.