Estate Planning

Guaranteed Universal Life:  individual coverage, refer to ages at right

 

Survivorship Life Insurance for Couples

Survivorship life insurance, or second-to-die or survivor insurance, insures a couple’s estate planning needs.  These policies which cover two people are much less expensive than individual coverage, and with many carriers only one in the couple needs to be insurable.   That’s one reason to look for joint coverage in estate planning, if one of the couple is in poor health.  Also at whatever health it is much less expensive than getting two separate policies.

All carriers quoted have lifetime no lapse guarantees, age 120 or longer, which is what you want: pay on time and coverage is guaranteed to stay in force for life.

 

Age 64  -  Quotes

Face Amount Annual at
Preferred Plus
.
Annual  at
Preferred
Annual at
Standard Plus
.
Annual at Standard Carrier
$1,000,000 $11,239 $11,969 $14,582 $16,811 Prudential
$11,701 $12,463 NA $14,794 American General
$11,997 $12,449 NA $13,781 Nationwide
NA $11,876 NA $14,390 Principal
$12,050 $12,560 $14,620 $15,030 United of Omaha

 

Analysis:  These results are indicative of other ages.  Prudential has very competitive rates at above average health classifications and Nationwide at the standard rate.  Prudential and United of Omaha are age last birthday rates, all others age nearest rates.

This is a very, very small sample, but it is a starting point.  I can run comparison quotes on all the major competitive carriers factoring in age, health and carrier underwriting to find the best rates.

 

see Indexed Survivorship Universal Life for more options.

 

Please contact me your free quote

sean's profile picLicensed agent:  Sean Drummey
phone:  (910) 328-0447
email:  spdrummey@gmail.com

 

 

Carriers and Products quoted:

Prudential  “PruLife SUL Protector”
United of Omaha “GUL Survivor”
American General Life Insurance Company:  “AG Secure Survivor GUL”
Nationwide:  “YourLife NGL SUL II”
Principal Life Insurance Company:  “Survivorship Universal Life Protector II”

 

Revised 6/4/2013: quotes subject to change, nearest dollar, non tobacco rates, quotes assume both insured are the same rate classification

 

 

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