From invitations to venues and centerpieces to menus, there is a lot to keep in mind when planning a wedding. But after the rings are replaced and the evening is over, there are some other important things to do after you get married (Think: finances, life insurance, name changes and more).
Because you may need a break from planning, we have planned the steps for you. Here are the seven things to do after you get married:
- Consolidate your home and car insurance. For a married couple, it usually makes the most sense to share home and car insurance. Having a policy through an agency can make everything more convenient. And you can even be offered a lower interest rate or discount.
- Or review your individual coverage. If you plan to keep your insurance policies separate, review them first. Make sure there are no overlaps so that you do not pay for the same protection twice.
- Understand how much insurance you can afford. With two incomes, you can have more room in your budget for better insurance coverage. If you can make an increase, determine the amount and review the costs and benefits of your agent.
- Update Your Life Beneficiary Insurance Beneficiary. Did you have life insurance before you got married? Maybe it was through your employer or an insurance company. You may have named a parent or sibling as your beneficiary. After getting married, you will likely want to review your coverage, consider whether or not you want your insurance linked to your employer and update your beneficiary to your spouse. Consider it. If your spouse were to die, would your spouse face the future financially with an income? Or vice versa? Life insurance makes it easier to do that. It gives reassurance to know that your loved ones will be protected from financial stress when it is most important. Recalculate your coverage to make sure you are properly covered.
- Insure the wedding rings. All jewelry (up to a certain dollar value) should be added to your homeowners insurance – especially wedding rings. Save your receipts and evaluation, and if you move after your wedding, make sure the insurance follows you.
- Change your name (if you have decided). A new last name means a new social insurance card, driver's license, passport and more. As a general rule of thumb, you should also update your name wherever you update your address if you moved. It includes your employer, service providers, subscriptions, professional membership, alumni associations and more. To protect your identity throughout the name change process, our team of personal fraud specialists can help you navigate all name change needs and creditor notifications at no cost, as an advantage to being a Frankenmuth policyholder.
Congratulations on this new life season! For this and all seasons to come, our team is here for you. Now that you've reviewed the things to do after you get married, contact one of our local agents to get started.