Help protect your family’s future. Enter your zip code to get your free quote today!

Get Your Free Quote

Joint Life Insurance Policies

Joint life insurance offers a number of benefits for married couples. There are two types of joint life insurance, and your family's circumstances will dictate which one is a better fit. Here’s what you need to know as you evaluate the right life insurance policy for your needs.

Joint Life Insurance Policy Considerations

Married couples may find that they’re better off with a joint life insurance plan.

Within the world of joint life insurance policies, you commonly have the following two options to choose from:

  • First-to-die policies
  • Second-to-die policies

With first-to-die joint life insurance policies, the death benefit is paid when the first spouse dies. These are less common than second-to-die policies, but they offer unique benefits. A first-to-die joint life insurance policy may be ideal, for instance, if a spouse wants to secure a certain quality of life for their surviving spouse and financial dependents but doesn’t want to pay for a separate life insurance policy while their spouse does the same.

Second-to-die policies are geared toward those who want to protect their heirs. In particular, these policies can help pay for estate taxes if the death benefit is paid directly to the named beneficiaries. If you have a substantial estate that could be subject to estate taxes, a second-to-die policy may be beneficial.

Buying a Joint Life Insurance Plan

Still wondering whether a joint life insurance policy is best for you and your family? 

Don't do it alone. Connect with a licensed life insurance agent at 800-966-7169 to find the right policy for you. 

----------

This is an advertisement for life insurance. 
Applications for life insurance may be subject to acceptance by insurer. Issuance of the policy may depend upon answers to health questions. Rates and coverage amounts depend upon the carrier selected. Your policy may be subject to underwriting approval. You will receive only the benefit amount in the policy issued.

Help protect your family’s future. Enter your zip code to get your free quote today!

Get Your Free Quote

Related Information

What are the Benefits of Term Life Insurance?

With a term life insurance policy in place, you can help your family cope with loss of income after your death.

Read More

Group Term Life Insurance Benefits and Plans

Group term life insurance is offered by an organization to its employees as a benefit. The benefits help protect your loved ones financially if you pass away.

Read More

What Is the Meaning of Life Insurance and Its Importance?

The importance of a life insurance policy is that it helps provide for the financial stability of your beneficiaries if you pass away.

Read More

Life Insurance vs. Annuity Death Benefits

Life insurance and annuities operate differently. Compare the two below and decide which is the best option for you and your beneficiaries.

Read More

What is a Life Insurance Policy? Benefits and Basics

What is life insurance and how does it help families in the event of your death? It can help pay for the cost of funeral expenses, lost wages, debts, and more.

Read More

Variable Life Insurance: Benefits and Risks

Variable life insurance is a form of permanent life insurance. It can offer you coverage for the rest of your life and includes a cash value savings component.

Read More

Do You Need Life Insurance?

Wondering whether you need life insurance? Read on to learn whether it'd be a good idea to buy coverage for your loved ones.

Read More

Whole Life Insurance

Whole life insurance stays in effect for your entire life and also accumulates cash value over time.

Read More

The Different Types Of Death Benefits

Life insurance protection comes in many different forms, but the primary purpose of any policy is to provide a death benefit upon the death of the insured.

Read More