Who Ought to Purchase Joint Life Insurance?


 Who Ought to Purchase Joint Life Insurance?

In order to financially secure their families and their estates, parents and couples may get joint life insurance. Here are a few instances:

A excellent option for a couple to provide money for things like a legacy or money for the kids to pay estate taxes is through second-to-die life insurance.
A trust that will provide financial support for a special needs child after the parents' passing can be funded via second-to-die life insurance.
Joint life insurance can be purchased by business partners to safeguard their professional assets in the event that one partner dies before the other.

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