Second to Die
Second to Die is very similar to Universal Life except that it insures two people. The primary feature is that no death benefit is paid until both persons insured under the policy have died.
This policy is specifically designed to provide funds at the death of the second spouse to cover estate tax liability. In most situations, federal estate taxes are not significant until the second spouse dies. This policy can provide needed funds so that the family's estate is preserved for the heirs.
State Farm's Second to Die policy is available for issue from ages 20 to 80 and has a minimum size of $250,000.
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DISCLAIMER
This is a general description of coverage. Contact your State Farm agent for details on coverage, costs, and restrictions.
Policy series 94016 in all states except MT, NJ, NY, WI;
94066 in MT, 94015 in NJ, A94016 in NY & WI.
Not FDIC Insured |
*No Bank Guarantee
*May Lose Value |
Issued by:
State Farm Life Insurance Company (Not licensed in MA, NY or WI)
Bloomington, IL
State Farm Life and Accident Assurance Company (Licensed in NY and WI)
Bloomington, IL
IL - 14.1 |
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