Newlyweds: Life Insurance Planning

Buy additional coverage right away (if you intend to do it at all)
Inform your agent when you get married
Change beneficiaries on your current policies
Consider additional coverage to protect your new family or spouse
The non wage earning spouse should also consider a life policy to compensate for loss of their services
You may want to purchase policies for dependent children from another marriage, payable to a trust as beneficiary
If both of you work, at least get life policies that replace your annual incomes
Employer plans may only offer $50,000 or less
If you are an older newlywed, consider a universal or burial policy
Go here to determine your coverage need

When buying life insurance, you can save on it by:

Dealing with an independent agent

Getting at least two quotes from different companies

Give an accurate assessment of your health

Going with a higher risk company, if you're sickly

Making sure you aren't over insured

Buying enough term to cover your working years

Not buying it as a savings plan, investment or retirement

Buying as much as you need now, you won't be getting any younger

Paying your premiums annually