Why Survivorship Life Insurance is the Key to Legacy Planning
When most people think of life insurance, they imagine a policy that protects their loved ones financially when they pass away. But for families with significant assets, traditional life insurance may not be enough to solve the most pressing concern: estate taxes and preserving wealth for future generations. This is where Survivorship Life Insurance—sometimes called Second-to-Die Life Insurance—becomes a powerful tool. Unlike an individual life insurance policy , this option covers two people, typically a married couple, and only pays out after both have passed away. While that might sound unusual at first, it is precisely what makes this life insurance policy so valuable for estate planning and legacy protection. At Triathlon Partners, we believe Survivorship Life Insurance deserves a closer look—especially right now, with tax law changes looming that could significantly impact wealthy families. Let’s explore why this type of coverage may be the missing piece in your estate plan. The ...