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What Is Marriage Insurance?

Nowadays there seems to be insurance for everything. Life, health, car, home, mortgages, even pets. Pets? I love dogs, but I’m not sure I want to spend money every month for something I can replace at the pound for free.  Anyway, there is a new twist in the insurance industry called marriage insurance – and it’s not what you think.

Marriage insurance is more than just a policy to pay off the balance of your mortgage if you or your spouse pass away. Especially for newlyweds, marriage insurance is a complete package of coverages designed to ensure that whatever happens to you or your spouse, you’ll be able to stay in your home and not end up in the poor hoouse.

So what does marriage insurance cover? Of course, if you or your spouse dies, the policy pays you the money which you can use to pay off your mortgage. If you’re hurt working around your house or you’re in an automobile accident and can’t work for awhile, your Marriage Insurance coverage can provide disability benefits (if you qualify) to provide you with cash while you can’t work to ensure that your mortgage payments continue to be paid. You don’t have to worry about your home being foreclosed while you’re recuperating (that peace of mind is just about worth the policy itself).

Also, with marriage insurance it may be possible to have unemployment coverage as well (if available in your state), so that if you lose your job, your insurance premiums will be paid for up to 6 months. And that money will come in to you, not your mortgage company, so you have control over your money. Remember, these Marriage Insurance policies are designed to help you, not some huge, bureaucratic loan company.

The most remarkable feature available of Marriage Insurance is the Return of Premium provision (if available in your state). If you’d like, you can arrange to have most if not all of the money you’ve paid over the years returned to you at the end of your policy term in one wonderful, tax-free lump sum! That’s money you can put straight into a retirement plan, take that vacation you’ve always promised your wife, renovate the spare bathroom, or just spend on yourself because you deserve it!

So if you’re looking for that extra financial security that only an insurance policy can give, think about getting marriage insurance.  Your spouse will thank you.


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