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User Generated

Qepngul

Business Finance

Description

  • Life Insurance for Unmarried Couples. Many young people today choose to cohabit ate rather than marry (at least for some time period). Should this affect their thinking about life insurance?

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Explanation & Answer

The Unmarried Couples status should not affect their thinking about life insurance.  As life insurance is provided for each individual, it does not matter if you are married or unmarried couple. In case of people cohabiting, each should assign the partner as his/her beneficiary so that in the event of any one partner's death the other partner is protected and does not suffer from financial difficulty. 


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