A recently published article on InsuranceAgents.com dwells deeper into the meaning of survivorship life insurance. “Survivorship life insurance, or ‘second to die life insurance,’ is a policy that insures the lives of two people, typically a married couple,” the article, Survivorship Insurance Policy: Become a Soul Survivor, states. “While estate taxes may be unavoidable, this coverage can help protect an individual’s overall net worth.” Since survivorship life insurance depends very little on an individual’s health or lifestyle, coverage is fairly easy to purchase. Here’s the catch—in order for the beneficiary to benefit from any assets left behind, both policyholders need to pass on.
Don’t let your hard work go to waste. Speak with a life insurance agent today to see how you can have an influence on other people’s lives even after your death. Survivorship life insurance may not be for everybody, but it’s better to be safe than sorry.
# # #
InsuranceAgents.com provides consumers with access to insurance information including articles, quotes, and comparisons.