Now that you're married, it's time to update your life, home, and auto insurance.
Your wedding. Your honeymoon. They took a lot of planning, but the planning doesn’t stop there. As you start your life together, you have other significant planning decisions.
An important part of that planning will include safeguarding what you’ve already achieved and are enjoying today while investing for your family’s financial security tomorrow. And that’s where COUNTRY Financial® can help.
No matter where you’re starting from, COUNTRY Financial can help with a tangible plan . A plan that’s customized to your hopes and dreams for the future.
Insurance may not be romantic, but it’s important. Now that you’re married, you’ll need to review and possibly adjust your various insurance policies.
- Home Insurance
Whether you’re buying a home or renting an apartment, you’ll need to ensure you have adequate protection. Merging households means an increase in the possessions under one roof. You want those possessions to be covered from loss. And don’t forget those high-value wedding gifts you may have received and your wedding rings. A great place to start is with our Household Inventory Checklist.
- Disability Insurance
Make sure your financial lives aren’t interrupted by an injury. Disability insurance can make a big difference in your financial future.
According to family counselors, finances are a major source of disagreement between couples. That’s why talking about financial issues early in a relationship can prevent stress and friction down the road.
- Financial Accounts
An early decision you’ll need to address will be loans, credit card debt, checking and savings accounts. Do you want these to be joint accounts or separate? Now that you’re married, you could be legally responsible for each other’s financial obligations, so make sure you keep the lines of communication open.
This is also a good time to establish a budget. Our budget worksheet can help. If you have outstanding debt, create a schedule to pay it off by using our debt payoff worksheet. Budgeting and paying off debt are two of the habits of financially secure people.
- Retirement Planning
If you haven’t started investing for retirement yet, now that you’re married, it’s more important than ever to take the first steps to make sure your plan addresses both of your needs.
The most important thing is that you establish the habit of saving and investing toward your retirement goals. If your employers offer a 401(k) or 403(b) plan, make sure to participate. IRAs are another great way to build for your future retirement.
And, as with life insurance, don’t forget to update your beneficiary designation for any retirement assets you may have.
Building an investment portfolio is one of the best ways to build a secure financial future. And you don’t have to be rich to develop that portfolio. In fact, through COUNTRY, you can have our team of investment experts professionally manage your money for you.
- Legal Documents
If you don’t have a will, this is the time to get one. You might also consider a living will that states your wish not to take extraordinary measures to prolong your life if you have a terminal condition. And, if there are substantial assets, you may want to consider a trust to protect those assets.
Putting it all together
Your life has just taken a dramatic turn. That’s why now is a perfect time to begin annual visits with a COUNTRY Financial representative. By working one-on-one with your financial representative, you’re shown clearly how we’ll help you get from where you are today to where you want to be in the future.
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Investment management, retirement, trust and planning services provided by COUNTRY Trust Bank®. Please see our Terms and Conditions for more information about COUNTRY Trust Bank® and its affiliates.
Policies issued by COUNTRY Life Insurance Company®, COUNTRY Investors Life Assurance Company®, COUNTRY Mutual Insurance Company®, COUNTRY Casualty Insurance Company®, and COUNTRY Preferred Insurance Company®, Bloomington, IL. Coverage not available in all states. Read our full disclaimer.