Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Survivorship Life Insurance: Protect Your Future with Pride

By Davidrichard Subscribe to RSS | July 2nd 2012 | Views:
loading
 
  



Life is precious. Do not take it lightly. Get yourself insured today. There are a number of reputed insurance agencies offering different life insurance plans. You can not merely secure your future under these plans but also experience growth in savings.

Life insurance agencies, these days, offer a number of innovative insurance plans for your general welfare. One such plan is the Survivorship Life Insurance. It is an insurance which is taken for two people, usually, for the spouses. Also known as survivor insurance or second-to-die insurance, herein, one policy is made for two people. This policy is taken jointly for a couple of people, usually, the husband and the wife. Benefit is not paid to the beneficiary at the death of one person. The policy continues to exist and benefits are paid only after the death of the second insured.

Survivor life insurance has a number of benefits. Some of its merits can be summed up as:

a. Economic: This policy is quite economic. The amount of premium is kept low since the insurance company does not need to pay anything until both the parties die. Hence, compared to the traditional single policies, survivorship life insurance is cheaper.

b. Convenient: This policy can be bought easily. The insurance company is slightly lenient while assessing the health of the insured. Since, the company becomes liable, only after the death of both the persons, it is less concerned about the general health of the individuals. Hence, individuals who are deemed uninsurable for traditional single policies also often get insured under survivor life insurance.

c. Tax saving: The policy helps you to save tax. Furthermore, the policy also encourages growth of savings and helps in building up of estate.

d. Estate related benefits: If you are quite ardent that your estates pass to your legible heirs, then this policy can be of some use. Not only do you save in the form of tax, but your estates are protected till the death of the insured.

e. Special needs children: If you have children who require special needs, then you must definitely take up a this life insurance policy. It will secure the future of your children after your demise.

However, before buying a survivor policy, you must ask your insurance company as to how will the policy be affected in case of a legal separation of the couple (divorce). Different insurance agencies allow different treatment in the eventuality of a divorce. Alternatively, you can also consult an attorney for the same.

Universal Life Insurance policy is another beneficial policy. This policy offers you great control over your funds and a number of benefits. This policy provides you with a certain amount of flexibility. You are free to choose the amount of protection you want for your family, children and business. You also enjoy certain tax benefits with this policy. The premiums are also flexible and suit the pockets of the insured. By buying a Universal Life Insurance, you can certainly secure your future.

Davidrichard - About Author:
Author is expert in insurance sector and works for Beamalife. At present he is writing on survivorship life, fixed Annuity, universal life insurance and more topics. Visit Author Website.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/insurance-articles/survivorship-life-insurance-protect-your-future-with-pride.htm

Related Insurance Articles Subscribe to RSS

Know more about cheap car insurance
Published by Anneshirley on April 12th 2012 | Insurance
It is not a tough thing to find car insurance, but yes it is very hard to find the classic car insur...
 
Considerable requisites about product liability insurance
Published by Andrew Edwards on May 19th 2012 | Insurance
Everyone out there in manufacturing business, wants coverage to get over the conditions regarded...
 
How do they figure out my cheap car insurance rates
Published by Harrisonford on March 29th 2012 | Insurance
An individual must be thinking before purchasing car insurance that how insurance companies calculat...
 
Best deals on auto insurance in Oregon
Published by Ronnie Brain on January 16th 2012 | Insurance
All drivers are required to carry their auto insurance when driving in Oregon. It is illegal to driv...
 
How to choose a nominee for your insurance policy
Published by Puneet on January 29th 2012 | Insurance
There is a common tendency between people, when dealing with their health insurance policy, to treat...
 
You can get car insurance in Missouri easily
Published by Insurance Inde on January 14th 2012 | Insurance
Missouri drivers are some of the most disciplined in the United States. They highly regard personal...
 
Four steps to get the cheapest car insurance
Published by Jameshilton on January 12th 2012 | Insurance
Car insurance has been made mandatory by law. But with the rise in car insurance premium rates, it i...
 
Georgia health insurance plan supports you during your bad time
Published by Ricky Martin on June 20th 2012 | Insurance
Whenever you are in trouble, you need some helping hand at that time. Those phases called bad times ...
 
An easy guide to getting reliable auto insurance
Published by Jerry on March 12th 2012 | Insurance
Finding the right auto insurance product for yourself can be a difficult task if you approach it in ...
 
Several categories of Group health insurance
Published by Morgan001 on March 27th 2012 | Finance
The Group health insurance makes individual insurance coverage’s accessible on a member of group b...
 
Securing your vehicle with Arkansas auto insurance
Published by Auto Insurances on January 14th 2012 | Finance
Who doesn’t want his or her vehicle to be secured from every kind of accident or incident? Of cour...
 
Facts about car insurance comparison website
Published by Jameshaven on March 16th 2012 | Insurance
If an individual is looking to buy car coverage, he would indeed need various quotes to estimate and...
 
Best Individual medical health insurance
Published by Lessardcasey on February 11th 2012 | Insurance
Individual medical health insurance can be a financial burden, but for many people it is a necessary...
 
The many ways to get Dubai medical insurance
Published by Andy Robert on December 7th 2011 | Insurance
With the growth and expansion in Dubai, many positives steps are being taken by local authorities an...
 
Using cheapest car insurance quotes to find the cheap car insurance
Published by Robmichae on March 16th 2012 | Insurance
Finding the cheap car insurance includes obtaining cheap insurance quotes to assist an individual to...
 
Effective Van insurance purchasing ideas and related information
Published by Gregorypeck on February 28th 2012 | Insurance
Making monthly installment on your van insurance policy isn’t more terrible than facing a heavy lo...
 
Why you should visit my cheap car insurance online
Published by Harrisonford on April 13th 2012 | Insurance
Due to high demand of car loans, the need for car insurance policies is also increasing day by day. ...
 
Don’t dare drive in Massachusetts without auto insurance
Published by Autoinsurances on January 14th 2012 | Insurance
It’s important to acquire auto insurance Massachusetts if you are intending to drive your automobi...
 
Getting the best Georgia auto insurance
Published by Auto Insurances on January 17th 2012 | Finance
As the state of Georgia is very notorious for having a big number of car accidents and also incident...
 
Steps to find car insurance comparison sites
Published by Geenadavis on March 1st 2012 | Insurance
In today’s economic downturns, owning an automobile is more of necessity then a luxury, and if an ...