You just made the biggest commitment of your life. Now it’s time to protect it. Life insurance probably isn’t the first thing on your mind after the wedding, but it’s one of the smartest financial moves newlyweds can make – and the younger you are when you get it, the less it costs.
TermHero helps newly married couples across Los Angeles lock in affordable rates while they’re young and healthy.
Why Newlyweds Should Get Life Insurance Now
You’re Probably at Your Youngest and Healthiest
Life insurance rates are based on your age and health at the time you apply. Getting covered in your late 20s or early 30s locks in rates that are significantly lower than waiting even 5-10 years.
You’ve Combined Your Lives – and Your Finances
Joint mortgage, shared expenses, combined debt. If one of you passed away, could the other maintain your lifestyle on a single income? In Los Angeles, where the cost of living is high, the answer is often no.
Life Gets Busier From Here
Kids, career changes, aging parents – life only gets more complicated. Getting life insurance now means one less thing to worry about later. Take 20 minutes today and it’s handled for the next 20-30 years.
What Newlyweds Should Cover
Your coverage needs will grow over time, but here’s what to think about now:
- Shared mortgage or rent – Can your spouse afford your LA home alone? A policy that covers the mortgage protects against a forced move during the worst time
- Combined debts – Student loans, car payments, credit cards. While most debts don’t transfer to a spouse, co-signed loans and joint accounts do
- Income replacement – 10-15 years of the higher earner’s income gives the surviving spouse time to adjust
- Future plans – Planning to have kids? Buy a bigger home? Start a business? Factor in where you’re headed, not just where you are today
For most newlyweds without children, $500,000 to $1,500,000 in coverage is a solid starting point. You can always add more as your family grows.
Smart Moves for Newlyweds
Get Individual Policies, Not a Joint Policy
Joint life insurance policies exist, but individual policies are almost always a better deal. They’re more flexible, portable, and if one spouse passes away, the other still has their own coverage intact.
Match Your Term to Your Mortgage
If you just bought a home with a 30-year mortgage, a 30-year term ensures the house is protected for the full loan.
Name Each Other as Beneficiaries
Update your beneficiaries after marriage. This includes life insurance, retirement accounts, and bank accounts. Don’t assume it happens automatically.
Review Coverage After Major Life Changes
Get a baseline policy now and plan to review it when you have kids, buy a home, or change jobs. TermHero is here to help you adjust as your life evolves.
Newlywed Rates Are the Best You’ll Ever Get
Young couples get the lowest premiums. Here’s what you can expect:
$500,000 Coverage – 20-Year Term (healthy non-smoker):
- Age 25: $18-22/month
- Age 28: $20-25/month
- Age 30: $22-28/month
- Age 33: $24-30/month
$1,000,000 Coverage – 30-Year Term (healthy non-smoker):
- Age 25: $38-48/month
- Age 28: $42-52/month
- Age 30: $48-60/month
- Age 33: $52-65/month
These rates only go up as you get older. Lock them in now.
Frequently Asked Questions
Do we both need life insurance? If you share financial obligations like a mortgage or if either of you would struggle financially without the other’s income, then yes – both of you should have coverage.
How much should we spend on life insurance? Most financial advisors suggest 5-7% of your household income. For many young couples, this translates to $50-100/month total for both policies.
What if we’re planning to have kids soon? Buy enough coverage now to account for future children. It’s cheaper to buy a larger policy today than to add a second policy later at an older age.
Can we apply together? You’ll each have separate applications, but TermHero can process both at the same time and coordinate with carriers to make it as simple as possible.
Start Your Marriage on Solid Ground
You’ve invested in the wedding. Now invest in protecting the life you’re building together.