We authored this website to provide you with buying guides and information, so that you can make an educated choice and pay the lowest premium available. We do not sell insurance.
Buying Tips For Second To Die (aka Survivorship) Life Insurance:
- Don’t get it if you have a small estate
- Don't buy more second to die life insurance than will cover your estimated estate tax
- Don’t get it if your estate planner can eliminate your estate tax
- Get at least two proposals for second to die life insurance from an independent agent
- Find out if you're a standard risk before you get your physical
- Pay your second to die life insurance premiums on an annual basis
- Review your second to die life insurance policy annually so that you're not under or over insured
- Get a periodic health exam to prevent health problems
- Never take drugs, alcohol, and cigarettes before a insurance exam
- Make sure you’re given a quote for YOUR HEALTH CLASS
- Divulge ALL health problems to your agent
Survivorship Life Disadvantages:
- Second to die life insurance benefits aren't paid until the last spouses death
- A second to die life insurance policy might not be dividable
- Second to die life insurance is only for very large estates
- Second to die life insurance plans usually have a $100k-250k minimum
- Second to die life insurance death benefits might be taxable
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