Plan your wedding installment plan with my Wedding Planning & Insurance Guide
You may already know that the insurance industry is flooded with offers for wedding installment plans.
With a couple of weeks left until the end of the year, here are a few of the latest and greatest deals for insurance companies.
First, let’s talk about how insurance companies are paying for wedding plans.
Most insurance companies will cover wedding installments under the Basic Family and Special Needs Insurance Plan (BFSIP), but there are some exceptions to this rule.
First of all, most companies will not cover weddings that are part of a same-sex marriage, or a domestic partnership.
They may offer the Basic Life Insurance Plan, or BLLIP, which will cover an insurance policy in the same family or special needs group.
However, some insurance companies may not cover the same-gender marriage, but may cover a separate insurance policy for a spouse who is eligible for a divorce.
For more information, see the BLLip website.
Second, some companies may cover the insurance policy only for the wedding, but not the wedding party.
In this situation, the insurance company will pay a $200 annual premium, while the bride’s insurance will cover the rest of the wedding.
Third, some insurers may not offer wedding installment insurance at all.
The average wedding cost in the U.S. is $2,846 per wedding.
That means that an insurance company that does not cover a wedding is paying about $1,300 to cover the wedding of an average couple.
If you are unsure how much insurance your insurance company is offering, or you want to check out how your company is paying for your wedding, visit our wedding insurance guide.
Wedding installment plans are a great way to save money for your big day, and the savings are only getting bigger as the season gets colder.
To find out how much you can save, go to the Wedding Insurance Guide and click on the red “More Info” button.