Here’s To A Long Life!

Posted on 8-27-2018

This week, Craig Siminski, of Equity Design Group, shares with us an Affordable insurance solution: Survivorship Life Insurance.

Many people allow their term life insurance policies to expire once their children are grown. This may not be a good idea, especially if you have other bills and your spouse would need continued financial support.

But a new term policy can be quite expensive when you are older. Survivorship life insurance may be a more cost-effective solution. Survivorship Life premiums are generally lower than individual policy premiums because the life expectancy of any one member of a couple is longer than for each person individually.

Survivorship life insures the lives of two people, typically a married couple, and pays a death benefit after the death of the last-surviving covered person.

For this reason, it is sometimes called second-to-die insurance. Because only one death benefit is paid and premiums are based on the life expectancies of both insured individuals, the cost is usually…

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Craig Siminski is a CERTIFIED FINANCIAL PLANNER™ professional, with more than 20 years of experience. His goal is to provide families, business owners, and their employees with assistance in building their financial freedom.

Please Remember to tell Craig the Green Bay News Network sent you!