Couples need to communicate when planning how to manage financial matters such as mortgages,
home insurance and savings, according to the Hartford Life.
Mike Kalen, president and chief executive officer of the financial services company, said that "couples without a shared management style are couples most at risk financially".
Recently published results of a poll commissioned by the Hartford Life suggested couples are best protected when they have distinct areas of financial responsibility.
The survey recognised three distinct "personalities" among couples planning their finances. The "joined at the hip" approach saw both couples taking joint responsibility, while the "going solo" approach saw one partner taking responsibility for all matters such as bills, mortgages,
home insurance and savings.
Couples adopting the "divide and conquer" approach were often most successful, the company asserts.
Mr Kalen advised couples to have an in-depth discussion to devise a way to manage their finances effectively.
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