Life insurance that covers only simultaneous/dual deathsWill my children owe taxes on my life insurance proceeds?Does the life/disability insurance policy on my car apply now that it's paid off?Do laddered term life-insurance strategies give significant savings over getting re-rated with shorter term policies?What are the consequences of cashing out a whole life insurance policy?Life Insurance - How Much is too Much?What to do, if insurance company is reevaluating your Permanent Life policy but you need to buy Term Life Insurance?Should I purchase a whole life insurance policy? (I am close to retirement)Is it acceptable to not have term life insurance in my case?What are tax consequences of reimbursement of premiums from a cancelled life insurance policy held in trust?How to be sure my advisor's insurance recommendations are good for me?
How does Dispel Magic work against Stoneskin?
Word for a person who has no opinion about whether god exists
Can you reject a postdoc offer after the PI has paid a large sum for flights/accommodation for your visit?
If Invisibility ends because the original caster casts a non-concentration spell, does Invisibility also end on other targets of the original casting?
How do anti-virus programs start at Windows boot?
"However" used in a conditional clause?
Am I not good enough for you?
Playing ONE triplet (not three)
Best approach to update all entries in a list that is paginated?
When two POV characters meet
What is the dot in “1.2.4."
How could a female member of a species produce eggs unto death?
Ban on all campaign finance?
Rejected in 4th interview round citing insufficient years of experience
Why does Deadpool say "You're welcome, Canada," after shooting Ryan Reynolds in the end credits?
How to deal with a cynical class?
Does Linux have system calls to access all the features of the file systems it supports?
Latest web browser compatible with Windows 98
Touchscreen-controlled dentist office snowman collector game
Life insurance that covers only simultaneous/dual deaths
When is a batch class instantiated when you schedule it?
Do I need to leave some extra space available on the disk which my database log files reside, for log backup operations to successfully occur?
Is it ok to include an epilogue dedicated to colleagues who passed away in the end of the manuscript?
Decoding assembly instructions in a Game Boy disassembler
Life insurance that covers only simultaneous/dual deaths
Will my children owe taxes on my life insurance proceeds?Does the life/disability insurance policy on my car apply now that it's paid off?Do laddered term life-insurance strategies give significant savings over getting re-rated with shorter term policies?What are the consequences of cashing out a whole life insurance policy?Life Insurance - How Much is too Much?What to do, if insurance company is reevaluating your Permanent Life policy but you need to buy Term Life Insurance?Should I purchase a whole life insurance policy? (I am close to retirement)Is it acceptable to not have term life insurance in my case?What are tax consequences of reimbursement of premiums from a cancelled life insurance policy held in trust?How to be sure my advisor's insurance recommendations are good for me?
This is probably a stupid idea ...
My wife and I both make decent salaries. We believe that either of us could raise our child on a single income if the other passed away. If both of us passed away, our current assets would not provide for our child. In that respect, we don't need what I will call typical term life insurance, but instead only need life insurance that will pay out when we both die (assuming we die within the term). This seems like it would change the risks of the insurance company and should result in a cheaper premium.
Does this product exist? If so what is it called?
If it does not exist, why not?
life-insurance
asked 3 hours ago
StrongBadStrongBad
441213
add a comment |
This is probably a stupid idea ...
My wife and I both make decent salaries. We believe that either of us could raise our child on a single income if the other passed away. If both of us passed away, our current assets would not provide for our child. In that respect, we don't need what I will call typical term life insurance, but instead only need life insurance that will pay out when we both die (assuming we die within the term). This seems like it would change the risks of the insurance company and should result in a cheaper premium.
Does this product exist? If so what is it called?
If it does not exist, why not?
life-insurance
asked 3 hours ago
StrongBadStrongBad
441213
add a comment |
This is probably a stupid idea ...
My wife and I both make decent salaries. We believe that either of us could raise our child on a single income if the other passed away. If both of us passed away, our current assets would not provide for our child. In that respect, we don't need what I will call typical term life insurance, but instead only need life insurance that will pay out when we both die (assuming we die within the term). This seems like it would change the risks of the insurance company and should result in a cheaper premium.
Does this product exist? If so what is it called?
If it does not exist, why not?
life-insurance
asked 3 hours ago
StrongBadStrongBad
441213
This is probably a stupid idea ...
My wife and I both make decent salaries. We believe that either of us could raise our child on a single income if the other passed away. If both of us passed away, our current assets would not provide for our child. In that respect, we don't need what I will call typical term life insurance, but instead only need life insurance that will pay out when we both die (assuming we die within the term). This seems like it would change the risks of the insurance company and should result in a cheaper premium.
Does this product exist? If so what is it called?
If it does not exist, why not?
life-insurance
life-insurance
asked 3 hours ago
StrongBadStrongBad
441213
asked 3 hours ago
StrongBadStrongBad
441213
edited 3 hours ago
StrongBad
asked 3 hours ago
StrongBadStrongBad
441213
asked 3 hours ago
StrongBadStrongBad
441213
asked 3 hours ago
StrongBadStrongBad
441213
441213
add a comment |
add a comment |
1 Answer
1
active
oldest
votes
https://www.investopedia.com/terms/s/secondtodieinsurance.asp
What is Second-To-Die Insurance
Second-to-die insurance is a type of life insurance on two people (usually married) that provides benefits to the beneficiaries only after the last surviving person on the policy dies. This differs from regular life insurance in that the surviving partner doesn't receive any benefits after the spouse dies. Thus, second-to-die insurance is used for estate planning
answered 3 hours ago
RonJohnRonJohn
12.8k42356
According to this company The two most common types of survivorship life insurance are Universal Life and Whole Life insurance. Term life insurance, being only temporary coverage, doesn’t make sense for this type of coverage (as evidenced by the fact that, at the date of this writing, only one company offers such a product). By the time we retire, and hopefully well before then, we will have enough savings to support our child if we pass away so we are only looking for term insurance and not whole life.
– StrongBad
2 hours ago
add a comment |
Your Answer
StackExchange.ready(function()
var channelOptions =
tags: "".split(" "),
id: "93"
;
initTagRenderer("".split(" "), "".split(" "), channelOptions);
StackExchange.using("externalEditor", function()
// Have to fire editor after snippets, if snippets enabled
if (StackExchange.settings.snippets.snippetsEnabled)
StackExchange.using("snippets", function()
createEditor();
);
else
createEditor();
);
function createEditor()
StackExchange.prepareEditor(
heartbeatType: 'answer',
autoActivateHeartbeat: false,
convertImagesToLinks: true,
noModals: true,
showLowRepImageUploadWarning: true,
reputationToPostImages: 10,
bindNavPrevention: true,
postfix: "",
imageUploader:
brandingHtml: "Powered by u003ca class="icon-imgur-white" href="https://imgur.com/"u003eu003c/au003e",
contentPolicyHtml: "User contributions licensed under u003ca href="https://creativecommons.org/licenses/by-sa/3.0/"u003ecc by-sa 3.0 with attribution requiredu003c/au003e u003ca href="https://stackoverflow.com/legal/content-policy"u003e(content policy)u003c/au003e",
allowUrls: true
,
noCode: true, onDemand: true,
discardSelector: ".discard-answer"
,immediatelyShowMarkdownHelp:true
);
);
Sign up or log in
StackExchange.ready(function ()
StackExchange.helpers.onClickDraftSave('#login-link');
);
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
StackExchange.ready(
function ()
StackExchange.openid.initPostLogin('.new-post-login', 'https%3a%2f%2fmoney.stackexchange.com%2fquestions%2f106483%2flife-insurance-that-covers-only-simultaneous-dual-deaths%23new-answer', 'question_page');
);
Post as a guest
Required, but never shown
1 Answer
1
active
oldest
votes
1 Answer
1
active
oldest
votes
active
oldest
votes
active
oldest
votes
https://www.investopedia.com/terms/s/secondtodieinsurance.asp
What is Second-To-Die Insurance
Second-to-die insurance is a type of life insurance on two people (usually married) that provides benefits to the beneficiaries only after the last surviving person on the policy dies. This differs from regular life insurance in that the surviving partner doesn't receive any benefits after the spouse dies. Thus, second-to-die insurance is used for estate planning
answered 3 hours ago
RonJohnRonJohn
12.8k42356
According to this company The two most common types of survivorship life insurance are Universal Life and Whole Life insurance. Term life insurance, being only temporary coverage, doesn’t make sense for this type of coverage (as evidenced by the fact that, at the date of this writing, only one company offers such a product). By the time we retire, and hopefully well before then, we will have enough savings to support our child if we pass away so we are only looking for term insurance and not whole life.
– StrongBad
2 hours ago
add a comment |
https://www.investopedia.com/terms/s/secondtodieinsurance.asp
What is Second-To-Die Insurance
Second-to-die insurance is a type of life insurance on two people (usually married) that provides benefits to the beneficiaries only after the last surviving person on the policy dies. This differs from regular life insurance in that the surviving partner doesn't receive any benefits after the spouse dies. Thus, second-to-die insurance is used for estate planning
answered 3 hours ago
RonJohnRonJohn
12.8k42356
According to this company The two most common types of survivorship life insurance are Universal Life and Whole Life insurance. Term life insurance, being only temporary coverage, doesn’t make sense for this type of coverage (as evidenced by the fact that, at the date of this writing, only one company offers such a product). By the time we retire, and hopefully well before then, we will have enough savings to support our child if we pass away so we are only looking for term insurance and not whole life.
– StrongBad
2 hours ago
add a comment |
https://www.investopedia.com/terms/s/secondtodieinsurance.asp
What is Second-To-Die Insurance
Second-to-die insurance is a type of life insurance on two people (usually married) that provides benefits to the beneficiaries only after the last surviving person on the policy dies. This differs from regular life insurance in that the surviving partner doesn't receive any benefits after the spouse dies. Thus, second-to-die insurance is used for estate planning
answered 3 hours ago
RonJohnRonJohn
12.8k42356
https://www.investopedia.com/terms/s/secondtodieinsurance.asp
What is Second-To-Die Insurance
Second-to-die insurance is a type of life insurance on two people (usually married) that provides benefits to the beneficiaries only after the last surviving person on the policy dies. This differs from regular life insurance in that the surviving partner doesn't receive any benefits after the spouse dies. Thus, second-to-die insurance is used for estate planning
answered 3 hours ago
RonJohnRonJohn
12.8k42356
answered 3 hours ago
RonJohnRonJohn
12.8k42356
answered 3 hours ago
RonJohnRonJohn
12.8k42356
answered 3 hours ago
RonJohnRonJohn
12.8k42356
12.8k42356
According to this company The two most common types of survivorship life insurance are Universal Life and Whole Life insurance. Term life insurance, being only temporary coverage, doesn’t make sense for this type of coverage (as evidenced by the fact that, at the date of this writing, only one company offers such a product). By the time we retire, and hopefully well before then, we will have enough savings to support our child if we pass away so we are only looking for term insurance and not whole life.
– StrongBad
2 hours ago
add a comment |
According to this company The two most common types of survivorship life insurance are Universal Life and Whole Life insurance. Term life insurance, being only temporary coverage, doesn’t make sense for this type of coverage (as evidenced by the fact that, at the date of this writing, only one company offers such a product). By the time we retire, and hopefully well before then, we will have enough savings to support our child if we pass away so we are only looking for term insurance and not whole life.
– StrongBad
2 hours ago
According to this company The two most common types of survivorship life insurance are Universal Life and Whole Life insurance. Term life insurance, being only temporary coverage, doesn’t make sense for this type of coverage (as evidenced by the fact that, at the date of this writing, only one company offers such a product). By the time we retire, and hopefully well before then, we will have enough savings to support our child if we pass away so we are only looking for term insurance and not whole life.
– StrongBad
2 hours ago
According to this company The two most common types of survivorship life insurance are Universal Life and Whole Life insurance. Term life insurance, being only temporary coverage, doesn’t make sense for this type of coverage (as evidenced by the fact that, at the date of this writing, only one company offers such a product). By the time we retire, and hopefully well before then, we will have enough savings to support our child if we pass away so we are only looking for term insurance and not whole life.
– StrongBad
2 hours ago
add a comment |
Thanks for contributing an answer to Personal Finance & Money Stack Exchange!
- Please be sure to answer the question. Provide details and share your research!
But avoid …
- Asking for help, clarification, or responding to other answers.
- Making statements based on opinion; back them up with references or personal experience.
To learn more, see our tips on writing great answers.
Sign up or log in
StackExchange.ready(function ()
StackExchange.helpers.onClickDraftSave('#login-link');
);
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
StackExchange.ready(
function ()
StackExchange.openid.initPostLogin('.new-post-login', 'https%3a%2f%2fmoney.stackexchange.com%2fquestions%2f106483%2flife-insurance-that-covers-only-simultaneous-dual-deaths%23new-answer', 'question_page');
);
Post as a guest
Required, but never shown
Sign up or log in
StackExchange.ready(function ()
StackExchange.helpers.onClickDraftSave('#login-link');
);
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
Sign up or log in
StackExchange.ready(function ()
StackExchange.helpers.onClickDraftSave('#login-link');
);
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
Sign up or log in
StackExchange.ready(function ()
StackExchange.helpers.onClickDraftSave('#login-link');
);
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
