Life Insurance

Future home of Attorneylocal.comFuture home of

To Get A Insurance Quote

Insurance News - Insurance Company Rating - Insurance Fraud
Insurance Company - State Department of Insurance - Glossary

Health Insurance
Life Insurance
Car Insurance
Home Insurance
Dental Insurance
Travel Insurance
Pet Insurance
Disability Insurance
Farmers Insurance
Motorcycle Insurance
Business Insurance
Renters Insurance
Mobile Home Insurance
Title Insurance
Mortgage Insurance
Cobra Insurance
Estate Planning
Longterm Care Insurance
Medicare Medigap Insurance
Flood Insurance
Earthquake Insurance
Liability Insurance
Home Page
About Us
Contact Us

Who should own second-to-die insurance?

A second-to-die life insurance policy insures two lives rather than one. Under a second-to-die policy, no benefits are paid when one of the two die. Instead, the benefit is paid only after the second one dies. Relatively affluent couples can benefit from a second-to-die policy. If a couple wants such insurance, they can create a separate irrevocable life insurance trust to purchase the policy. By placing the insurance in the trust, they will ensure that the insurance proceeds paid to the trust will be totally free of federal estate taxes. Second-to-die insurance is also popular among small business owners who want to make sure that their children will have enough money to keep the firm going after both parents have died.