Readers question: “What is last survivor Life Insurance in Henderson Nevada?”

Henderson, Nevada has an increasing number of major shopping malls, movie theater complexes, restaurants and casino resorts offer residents a variety of choices for leisure time in Henderson. The city also borders Las Vegas and is not too far from the world-famous Las Vegas Strip. “Shakespeare in the Park” celebrated its tenth anniversary in 1996, a testament to Henderson’s long standing support for the arts and cultural programs. The City also boasts the largest recreational facility – the Multigenerational Facility at Liberty Pointe – in Nevada as well as Nevada’s only scenic Bird Preserve. The city supports a variety of other cultural events as well, many of which are held at the outdoor Amphitheater, the largest one of its kind in Nevada.

Answer to Readers question: Last survivor life insurance, or survivor ship life insurance, is a type of joint whole life insurance designed mainly for married couples.

Federal estate taxes are not collected on property left to a spouse, but when the surviving spouse dies, estate taxes are due and can be very high. A last survivor policy pays a benefit only after both spouses have died, providing funds for estate taxes.

Here is a list of three advantages of last survivor life insurance over individual coverage:

• Lower premiums which is more cost effective than two individual policies.
• Medical underwriting standards may be eased with respect to one of the insured’s, due to second death payouts.
• Lower “economic benefit” reportable for income taxes in split dollar plans