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Money Mistakes That Can Destroy Your Marriage

By SiliconIndia   |   Tuesday, October 29, 2013   |    2 Comments
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Bangalore: As they say, marriage is the most beautiful institution as well as an important decision in everyone’s life. Marriage not only connects two individuals and their share of blissful life but also comes with a package of responsibilities.

When you think of responsibility, the first thing that pops up in your mind is financial stability and then a secured family. Considering this, having an insurance policy also plays a crucial role in maintaining a happy life after marriage. Due to some minor mistakes, insurance policy can ruin your marriage. In a nutshell, insurance policy can make or break the marriage.

Here is a list of insurance mistakes that must be avoid at the earliest, reports Michele Lerner of Insurance.com.

1. Neglecting To Name Your Spouse in Your Life Insurance Policy

It’s always advisable to make an insurance policy early in life that covers you adequately. But you must also update your insurance policy after getting married. Because neglecting to include your spouse in the insurance policy might get costly for you in the future.

Also Read:
These are the ways NRIs Can Invest in India
7 Smart Financial Moves Before You Enter the Age of 30


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Reader's comments(2)
1: To marry a heavy drinker/ smoker is expensive and financially dangerous. Alcohol often leads to violence and divorce, a most expensive thing. NOT having separate accounts and finances is being careless. If one person does not understand or value saving and planning for the future, the other should discreetly take over for both. Make sure there are similar amounts in each person's account always. Ensure any fight /separation will not leave either poor.
Posted by:bhk - 07 Feb, 2014
2: To marry a heavy drinker/ smoker is expensive and financially dangerous. Alcohol often leads to violence and divorce, a most expensive thing. NOT having separate accounts and finances is being careless. If one person does not understand or value saving and planning for the future, the other should discreetly take over for both. Make sure there are similar amounts in each person's account always. Ensure any fight /separation will not leave either poor.
Posted by:bhk - 06 Feb, 2014
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