Joint Whole Life First to Die

Sep 29, 2015

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  1. WinoBlues
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    WinoBlues Guru

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    Anyone have any information on the new Assurity product?
     
  2. DHK
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    DHK "YOU CAN'T HANDLE THE TRUTH!"

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    Webinar is scheduled for Thursday.
     
    DHK, Sep 29, 2015
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  3. tlmarketing
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    tlmarketing Guru

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    what's the benefit of first to die whole life vs just getting 2 individual life policies?
     
  4. Aram Fingal
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    Aram Fingal Guru

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    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
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    Justin Bilyj Guru

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    I misread the title, I thought "Joint Whole Life will be the first to die..."
     
  6. WinoBlues
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    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
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    Justin Bilyj Guru

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    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
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    Are you sure that was not a last to die?
     
  9. DHK
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    DHK "YOU CAN'T HANDLE THE TRUTH!"

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    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.
     
    DHK, Sep 29, 2015
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  10. rousemark
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    rousemark Still Here!

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    Seems I remember it being about 30% less than separate polices.
     
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