Call Us 973-683-1000 ☰ ˟
Logo
Call Us 973-683-1000
  • Customer Service
    • Personal InsuranceImage of right arrow
      • Add Driver to Existing Auto Policy
      • Add Vehicle to Existing Auto Policy
      • Remove Driver from Existing Auto Policy
      • Remove Vehicle from Existing Auto Policy
      • Request ID Card for Auto Policy
      • Send Declaration and Coverages Information to Lien Holder
    • Commerical InsuranceImage of right arrow
      • Add Driver to Existing Commercial Auto Policy
      • Add Vehicle to Existing Commercial Auto Policy
      • Remove Driver from Existing Commercial Auto Policy
      • Remove Vehicle from Existing Commercial Auto Policy
      • Request General Liability Certificate of Insurance
      • Request ID Card for Commercial Auto Policy
  • Contact Us
    • BIS Improved Insurance Agency
    • Locations & Hours
    • Get a Quote
  • Employee Directory
    • Employee Directory
    • About Us
  • Insurance Certificate Request
  • CSR24 Portal
  • Make A Payment
    • Pay BIS Improved
    • Pay Your Insurance Company
  • Report a Claim
Business Icon

Business

We browse through a wide variety of coverages and find the right one for you.

Learn More
Personal Icon

Personal

We browse through a wide variety of coverages and find the right one for you.

Learn More
Bonds Icon

Bonds

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home > Products > Life-Insurance > Second-to-Die Policy - Morris Plains NJ & Morristown NJ

Second-To-Die Policy in Morris Plains NJ & Morristown NJ

Ensure the Future of Your Estate.

Between physical assets and financial successes, there are many things that married couples share. BIS Improved Insurance Agency knows that couples today can easily accumulate wealth in the millions, which means hefty estate taxes in the event of either spouse’s passing. A Second-to-Die policy, also known as Survivorship Insurance, is a type of joint insurance that covers the lives of two people, usually married couples, where the death benefit is not paid until the death of the second insured person.

Under federal tax law*, you are permitted to leave an unlimited amount of personal assets to the surviving spouse, allowing you to postpone estate taxes until the death of the second spouse. While this lets you keep personal assets, such as home or business, within the family, it also means that your beneficiaries may be faced with paying a large estate tax after your passing.

A Second-to-Die policy from BIS Improved Insurance Agency gives your beneficiaries the means to pay off your estate taxes without having to liquidate the personal assets you’ve worked hard to attain. And because the policy insures more than one person, you’ll also enjoy a lower premium, and the total cost of the insurance will be cheaper than the estate taxes your beneficiaries will be liable to pay.

Due to the specialized nature of Second-to-Die insurance, some limitations may apply. It’s important to discuss your options with an insurance specialist from BIS Improved Insurance Agency to determine the right amount coverage for you and your family.

*Federal income tax laws are complex and subject to change. Neither Nationwide nor its representatives give legal or tax advice. Please consult your attorney or tax advisor for answers to specific questions. 

Contact Us Today!
973-683-1000

Social Social Social

Resources

  • Products
  • Customer Service
  • Payment Options
  • Report a Claim
  • News
  • About Us
  • Refer A Friend
  • Our Carriers
  • Blog
  • Contact Us

Contact Us

520 Speedwell Ave
Morris Plains, NJ 07950

P: 973-683-1000 | Fx: 973-683-1001
© Copyright. All rights reserved. | Powered by Insurance Website Builder