Mr. and Mrs. X have an important heritage considering leaving a legacy to their children. As part of the process of planning, your financial advisor recommends they purchase a life insurance policy for survival.
Mr. and Mrs. Y have a son with special needs. They are worried about their financial security after they leave. His lawyer brought the idea of a life insurance policy for survival.
The two couples decide to share more information about life insurance or life insurance, survival survival, and that is what they have learned to get.
Survivors' insurance life insurance joint survival or life insurance is a policy that insures the lives of two people, usually a wedding, but as a person.
Death benefits of a life insurance policy for survival are not paid to the beneficiary before the surviving spouse also dies. For this reason, life insurance of survival is known as the second die life insurance.
One of the main reasons couples buy the insurance for survival is to impose property taxes and other estate settlement costs. The policy uses marital deduction that allows you to defer payment on all federal estate taxes and death of the surviving spouse.
At this time all the taxes that have made on this important day to pay due to the appreciation of the property value.
This is where the insurance of the common survival stage. The proceeds of the policy will be used by the beneficiaries pay no property taxes, and meet other costs, eliminating the need to liquidate a portion of the estate.
The only drawback is that neither the few secure property rights can have on politics. The beneficiary of the policy must be a third party, as the couple's children insured or a trust.
About life insurance is purchased by couples who have children with special needs to ensure their financial well being. The product of the second to die life insurance to ensure that sufficient funds are available in the event of death of both parents are left for the child.
