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Life Insurance Articles > "Purchasing Life Insurance for Newlyweds" For anyone who is planning to get married, you may not realize just how much both of your lives will change. There are many things you need to consider, and one of them relates to life insurance. If either person has already purchased a life insurance policy, you will need to discuss what you both should do after you are married. Decide if You Should Combine Insurance Policies One of the first tasks should be to review your life insurance policies and determine if it would be wiser to purchase one single policy to cover both of you. Purchasing two separate policies is usually more expensive than buying one to cover both you and your spouse. Therefore, you may be able to save some money by combining both policies into one new one. Factors to Consider When Combining Policies If you decide to combine life insurance policies with your spouse, you need to ensure you will both benefit from this change. For example, you need to find out if you are able to add your spouse to your existing insurance policy that you received through your employer. Certain policies do not allow policy holders to include an additional person. Determine if You Should Keep Individual Policies You should both review the individual life insurance policies you purchased when you were still single. In certain cases, it may be preferable to retain your separate policies instead of combining them. This will ensure that both partners will be covered if one spouse dies unexpectedly. Save Money By Combining Insurance Policies Many married couples combine their insurance policies instead of keeping their individual ones in order to save money. Purchasing one term life insurance policy to cover both spouses will normally cost less than continuing to pay for two separate policies. If you decide to get married, make sure you discuss your life insurance requirements. You may decide to retain your individual life insurance policies or combine them into one to save money. The main goal is to ensure that both partners are financially protected. If you have any questions or want to discuss your particular situation, be sure to contact your insurance company or agent.