Sentences with phrase «to die life insurance»

If you'd like to explore a second to die life insurance option OR any other life insurance strategy as part of your estate plan, reach out and connect with us today!

By selecting a first - to - die life insurance plan, you can arrange to provide a stable financial future no matter which partner dies first.

It is a great option if you are looking to use second to die life insurance for estate planning.

Contact a Trusted Choice agent today to learn more or to receive a customized first - to - die life insurance quote.

Second to die life insurance also provides coverage for two or more people for one premium.

This is why for most people 2nd to die life insurance does not make sense, and a regular term life policy will be more suitable.

Joint last - to - die is suitable for estate planning strategies, but what is joint first - to - die life insurance used for?

If first - to - die life insurance kicks in when the first person dies, you can probably guess when second - to - die policies go into effect.

To get a better understanding of Second to die life insurance keep reading as we explore the subject or to look at some of the other types of life insurance click here.

The second - to - die life insurance product was developed in the 1980s when a new law enabled married couples to delay federal estate taxes until both spouses passed away.

If you'd like to explore a second to die life insurance option OR any other life insurance strategy as part of your estate plan, reach out and connect with us today!

By selecting a first - to - die life insurance plan, you can arrange to provide a stable financial future no matter which partner dies first.

Contact a Trusted Choice agent today to learn more or to receive a customized first - to - die life insurance quote.

Second to Die Life Insurance insures two people and pays benefits only after the second person dies.

A survivorship life insurance policy is one which where the death benefit is spread across more than one life; it is also called second - to - die life insurance because it does not pay out until after both insureds have passed.

Second to Die Life Insurance Whenever you get a -LSB-...] Continue Reading

First - to - die life insurance benefits are issued faster than estate settlement and allow the bereaved to settle bills more quickly.

First to die life insurance policies pay out the death benefit solely on the first named insured that dies.

Oftentimes, when a company would not be able to withstand the loss of two key executives, the second - to - die life insurance option can be a good plan for ensuring that there are funds available to the business for keeping the company afloat while a replacement is being sought, or the company is in the process of finding a potential purchaser.

Second to Die Life Insurance insures two people and pays benefits only after the second person dies.

We provide you life insurance quotes for both term life insurance and Second - to - die life insurance plans.

That's why it's not as recommended as first - to - die life insurance for people with mortgages, young families, or anyone else who will still need money to keep up with the payments of everyday life.

A survivorship life insurance policy is one which where the death benefit is spread across more than one life; it is also called second - to - die life insurance because it does not pay out until after both insureds have passed.

If you have life insurance and you've been keeping up with your premiums, when you die the life insurance company will pay out a death benefit to your beneficiaries.

Thus, the usefulness of a second to die life insurance policy becomes self evident because the payout of a death benefit occurs upon the last spouse's death.

One way second to die life insurance can be extremely effective is to fund an Irrevocable Life Insurance Trust a / k / a ILIT as part of a complete estate plan.

If you don't have (or perhaps don't need) an ILIT, you should still understand how second to die life insurance may strengthen your overall estate planning strategy.

Second to die life insurance policies are usually used to protect future generations (usually the children) in the event of the death of BOTH spouses in a marriage.

The more important discussion is how a second to die life insurance policy may be used and when is it most advantageous for the consumer.

Even if an ILIT isn't being used as part of the estate plan, perhaps because there are no children or grandchildren, second to die life insurance is a good way to handle the burden of federal estate taxes.

Even if an ILIT is not used to provide for future generations, perhaps because the estate is not outside the non-taxable limits, a second to die life insurance policy may be used in other ways.

When you consider the fact that two single life policies pay twice compared to once with joint first - to - die life insurance, it makes more sense to go with single life policies.

The main drawback of a joint first - to - die life insurance policy is the lack of flexibility compared to two single life policies.

Although joint first - to - die life insurance may be appropriate to cover mortgage debt, you should still do your due diligence.

The other reason for using joint first - to - die life insurance is when both spouses have similar income levels.

The most common use for joint first - to - die life insurance is to cover debt, where a couple would like for the mortgage or other debt to be paid off in the event of either of their deaths.

Although there are a few life insurers that offer first - to - die life insurance, it is no longer as popular as it once was.

Second - to - die life insurance, last - do -

Estate taxes are based upon the total current asset value, so 2nd to Die Life Insurance can protect family estates such as real estate, property, family farms and other hard assets from liquidation.

Second - to - die life insurance is often more affordable than traditional single - insured life insurance with the same dollar amount in benefits.

For the past 30 years, second - to - die life insurance policies have been sold to people for tax savings and flexibility.

A second - to - die life insurance policy is attractive to those who feel strongly about keeping property within the family.

If you already have a second - to - die life insurance policy, be proactive.

The death benefit from a second - to - die life insurance policy could help pay those taxes.

In some cases, second - to - die life insurance is marketed as a way to build an estate, not just protect it from taxes.

These second - to - die life insurance policies will pay out the proceeds following the second of two insureds to pass away.

The most common situations in which you might want first - to - die life insurance would be: