Wednesday, September 05, 2007
Allstate Survey Shows Many Newlyweds Leaving Financial Future to Chance
While newlyweds traditionally receive advice from friends and relatives on secrets for a successful marriage, protecting their financial future is one thing seemingly forgotten in these conversations.
A recent survey by Allstate Insurance Company shows the value of newlyweds’ combined assets is approximately $107,000 on average. However, few newlyweds are actually taking steps to protect their financial future through purchases such as life insurance. The majority of the respondents (61%) did not purchase a policy before marriage, and 64% of those still had not purchased life insurance within the first three years of marriage. In fact, only 23% of these spouses claimed to have bought life insurance during their first year of marriage, and this trend continued in years two (2%) and three (7%).
Allstate Survey Shows Many Newlyweds Leaving Financial Future to Chance
Source: Business Wire
A recent survey by Allstate Insurance Company shows the value of newlyweds’ combined assets is approximately $107,000 on average. However, few newlyweds are actually taking steps to protect their financial future through purchases such as life insurance. The majority of the respondents (61%) did not purchase a policy before marriage, and 64% of those still had not purchased life insurance within the first three years of marriage. In fact, only 23% of these spouses claimed to have bought life insurance during their first year of marriage, and this trend continued in years two (2%) and three (7%).
Allstate Survey Shows Many Newlyweds Leaving Financial Future to Chance
Source: Business Wire
Permalink posted by armandn @ 11:51 AM 
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