Helpful information for Oklahomans from wheat fields to city streets.
06/01/2023
Congratulations, lovebirds! You’ve found the one and are ready to embark on a new journey together as newlyweds. Marriage brings many changes, including combining your lives and everything that comes with them. While moving in together and honeymooning may be exciting, it’s important not to overlook the practicalities of managing your assets as a couple. Here are three things to consider as newlyweds, or even before you tie the knot.
If you don’t already own or share a car together, you might have different auto policies from different insurance companies. However, as a married couple, it’s typically best to combine your policies into one. Why? Because you’ll get the convenience of having one bill to pay, and you might qualify for discounts as a result, since a policy with more than one vehicle is often cheaper than separate policies. It’s a win-win situation!
If you’re moving in together or buying a new home, it’s time to talk insurance. Make sure your home or renter’s policy covers both of you and your new shared assets. This can include your electronics, furniture and any other personal belongings. Don’t worry, our OKFB agents can help you assess your coverage needs and make sure you’re protected in the event of a loss. Need another reason to combine home policies? Getting married typically tends to lower your premiums, though savings will depend on your specific policy.
It’s not the most romantic conversation, but it’s important to discuss life insurance. If something were to happen to one of you, it’s crucial to ensure the other has financial protection. A life insurance policy can provide financial support for funeral expenses, debt and income replacement. Plus, the younger and healthier you are when you purchase life insurance, the less expensive the policy will be. Consider getting a policy for your new or soon-to-be spouse. We offer three types of Life Insurance policies: Term Life, Whole Life and Universal Life. Talk to your local OKFB agent to see which option is best for you and your family.
Combining your policies and considering life insurance for your new or soon-to-be spouse are key to discuss as a newlyweds or before getting married. These are practical steps that can help you save money, protect your assets and ensure that you and your partner are financially secure in the long run. When it comes to insurance, you can trust OKFB Insurance to be your partner every step of the way.
Whether you’re a long-time policyholder or just starting to look for insurance options, we have team members who can help. If you have questions or concerns that you want to discuss, connect with your local OKFB agent today. If you have any insurance-specific questions, we would love to help you find the coverage that best meets your home, auto, commercial and life insurance needs.
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The information on this website is not a contract, as it is provided for general information to explain potential types of insurance coverages. Further, descriptions do not refer to any specific contract of insurance and they do not modify any definitions, exclusions or any other provision expressly stated in any contracts of insurance. Please read actual policy documents for important details on coverages, exclusions, limits, conditions, and terms. If there is any conflict between the summary and/or information on this website versus the policy documents, the policy documents shall control. Please contact an Oklahoma Farm Bureau Mutual Insurance Company (OFBMIC) Agent to learn more about insurance coverages offered by and through OFBMIC.
Life insurance and annuity products are offered through Farm Bureau Life Insurance Company/West Des Moines, IA and are intended for residents of AZ, IA, ID, KS, MN, MT, ND, NE, NM, OK, SD, UT, WI and WY.
