Joint Whole Life First to Die

Discussion in 'Life Insurance Forum' started by WinoBlues, Sep 29, 2015.

Tags:
  1. WinoBlues
    Offline

    WinoBlues Guru

    Posts:
    17,402
    Likes Received:
    26
    Anyone have any information on the new Assurity product?
     
  2. DHK
    Offline

    DHK Guru

    Posts:
    6,176
    Likes Received:
    90
    State:
    California
    Webinar is scheduled for Thursday.
     
  3. tlmarketing
    Offline

    tlmarketing Guru

    Posts:
    717
    Likes Received:
    0
    State:
    Pennsylvania
    what's the benefit of first to die whole life vs just getting 2 individual life policies?
     
  4. Aram Fingal
    Offline

    Aram Fingal Guru

    Posts:
    411
    Likes Received:
    0
    State:
    Washington
    I believe that you pay a fair bit less for one of these policies than you do for two separate policies. If the idea is to make sure there is enough money for the surviving spouse, and not to pass on money to heirs, then these make sense.
     
  5. Justin Bilyj
    Offline

    Justin Bilyj Guru

    Posts:
    4,857
    Likes Received:
    6
    State:
    Ohio
    I misread the title, I thought "Joint Whole Life will be the first to die..."
     
  6. WinoBlues
    Offline

    WinoBlues Guru

    Posts:
    17,402
    Likes Received:
    26
    That is how the webinar email referred to it. I assume that they are talking about a first to die.

    The premium difference will need to be substantial I am thinking.
     
  7. Justin Bilyj
    Offline

    Justin Bilyj Guru

    Posts:
    4,857
    Likes Received:
    6
    State:
    Ohio
    I wanted to insure a guy for a recent heart attack, the only coverage I could find for him was a first-to-die policy, even though I know these are for estate planning it seems.
     
  8. WinoBlues
    Offline

    WinoBlues Guru

    Posts:
    17,402
    Likes Received:
    26
    Are you sure that was not a last to die?
     
  9. DHK
    Offline

    DHK Guru

    Posts:
    6,176
    Likes Received:
    90
    State:
    California
    I'd use it for retirement income continuation purposes.

    Married couple, but primary bread earner has single life payouts on annuities and pensions.

    Buy this product and if he should go first, she will have assurity for her ongoing retirement income (pardon the pun). It would also be an inexpensive way to replace her SS retirement income if she should go first.

    Just my thoughts.
     
  10. rousemark
    Offline

    rousemark Guru

    Posts:
    13,207
    Likes Received:
    96
    State:
    Tennessee
    Seems I remember it being about 30% less than separate polices.
     
Loading...

Share This Page