Second to Die Life Insurance
- A second to die life insurance policy might not be dividable in cases like divorce
- A second to die life insurance is only for very large estates to pay the inheritance tax.
- Second to die life insurance is usuallt bougth for estates with of over $250,000 minimum
- Because second to die life insurance is for a large act amount, policy minimums are higher.
- Second to die life insurance is usually much easier to qualify for than two separate policies
- Second to die life insurance creates an estate at the time of the second spouses death
- There are usally no estate taxes on second to die life insurance benefits
- Second to die life insurance premium may be much cheaper than two life insurance policies
- Second to die life insurance proceeds go directly to the heirs
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Don't buy second to die life insurance if you have a small estate
- Don't buy more second to die life insurance than will cover your final expense
- Don't buy second to die life insurance if your estate planner can eliminate your estate tax
- Get at least two proposals from an independent agent for second to die life insurance
- 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 aN insurance exam
- Make sure you're given a second to die life insurance quote for YOUR HEALTH CLASS
- Divulge ALL health problems to your agent
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