What is survivorship life insurance?
A life insurance policy covering two people (usually married) as an efficient way to pass wealth to the next generation. Since no death claim is paid on the first death, these policies are generally used as an estate planning tool in order to pay estate taxes or transfer assets.
The uses of survivorship life insurance
While most plans are used for estate planning, there are other applications where it makes sense to use these lesser-known policies.
- Estate tax payment
- Debt repayment
- Business partners’ transfer of ownership
- Charitable giving
- Legacy giving
- Special needs planning
Factors to consider when purchasing survivorship insurance
A long-term strategy requires a strong carrier.
Don’t fall prey to unrealistic policy performance promises.
Survivorship policies can be very expensive. Are you overpaying for your policy?
Why Blue Herring?
We expect more from the life and disability insurance industry. So should you. Our fiduciary- and attorney-preferred independent underwriting model gives businesses the transparency and leverage they need to get the right policies for their key person insurance plans, at significantly lower prices.
- We comparison-shop real prices for your company’s key person insurance policies — not quotes based on incomplete information.
- We tell you everything you need to make the best decision, and we’ll share industry secrets you should know before you buy.
- We operate as a team with companies looking for the best key person insurance policies at the best price.
Meet your match.
Our extensive network of small, large, mutual, and public carriers positions us to find the best policy at the best price.
How to get started
Blue Herring is revolutionizing insurance sales with an unbiased, independent underwriting model that saves your company money.
Don’t take our word for it
Hear from the clients who’ve experienced the Blue Herring difference.