Now married and wanting family life insurance? What do you need to know?

Why marriage changes everything (including your financial priorities)  

Marriage marks the beginning of a new stage and with it comes new responsibilities. In addition to changes in routine and life goals, there is an essential factor that stands out: the financial protection of the couple and the family. The truth is that, after getting married, your priorities change and protecting your loved ones becomes more important than ever. (Source: financial protection of the couple)

That's why many people choose to take out a family life insurance policy right after getting married. Not only is it a way to ensure stability for the future, but it also represents a concrete gesture of care and protection.

What is a family life insurance and how does it work?

A family life insurance (also known as married life insurance or couple life insurance) is a contract that provides financial support to chosen beneficiaries in case of death or disability of the insured. It can cover just one person or include both members of the couple in a single policy.

This type of insurance allows, for example, the spouse to be financially protected, avoiding difficulties in case of an unexpected loss. It can also include extra coverage, such as serious illnesses or total and permanent disability.

Real benefits of hiring life insurance after getting married.

Hiring a life insurance after marriage brings practical and emotional benefits. Here are some: 

• Protection for the family in unexpected situations;

• Financial support for immediate expenses (such as funeral, debts or housing credit);  

• Greater tranquility to plan the future together.

• Option to include children or other dependents as beneficiaries;  

• Can be used as a planning tool for the future family.

In short, it is a way to protect the family with life insurance, guaranteeing security even in the most difficult moments.

How much does it cost? And how to choose the right coverage?

The cost of a family life insurance depends on several factors: Insured persons' age, insured capital, chosen coverage, and health condition. On average, it can start at 5 to 10 euros per month, but the value varies greatly.

To choose the best option, you should consider:

• The needs of the couple (and family if there are children); 

• The monthly income.

• The existing debts;  

• Future goals (like buying a house or having children).  

It is essential to compare proposals and simulate different scenarios to make an informed decision.  

And what if you have mortgage credit? (spoiler: you may already have insurance... but is it the best?)  

If you already have or are going to have a mortgage, then you know that the life insurance is required by banks. However, the insurance associated with the bank is not always the cheapest - nor the most comprehensive.

Therefore, it is important to understand that you can transfer your life insurance to another insurance company, maintaining the required protection by the bank and often paying less for it. In addition, you can add extra coverage and ensure more comprehensive protection (even paying less).

How to hire without stress, without small print and with human support?

Hiring life insurance doesn't have to be a complicated process. The insurance brokers at Poupança no Minuto compare offers for you, explain the fine print, and accompany the entire process - at no cost to you.

Is it really worth it? (tip: do the math with this simulation)

The short answer? Yes. When you do the math, you realize that the monthly cost of insurance can represent less than eating out per month, but it can mean the support of your family in critical moments.

If you have questions, try making a free simulation based on your age, income, and goals. You may be surprised by the affordability and peace of mind that a family life insurance provides.

Simulate here and start the process with us today: