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Second-To-Die Policy in Escanaba and Powers, MI

Ensure the Future of Your Estate

Between physical assets and financial successes, there are many things that married couples share. Garceau 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 Garceau Insurance Agency gives your beneficiaries the means to pay off your estate taxes without having to liquidate the personal assets you have worked hard to attain. And because the policy insures more than one person, you will 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 is important to discuss your options with an insurance specialist from Garceau Insurance Agency to determine the right amount coverage for you and your family.
 

Our Locations

Escanaba Office

823 Ludington Street
Escanaba, MI 49829
Main office: 906-789-0900

Powers Office

N15916 US Hwy 41
Powers, MI 49874
Main office: 906-497-4290

Our Providers

Testimonials

I just saved almost half on my homeowners insurance thanks to Garceau Insurance!!! With the same coverage !!! Good deal on auto insurance too!! If shopping for insurance seems complicated and time-consuming , see Sheela because she's got your back, really. She does all the work and keeps you informed so the process of switching policies is smooth and painless. She helped me understand my options and get a policy for 2 cars and a home that suits my needs at an affordable price. I encourage you to stop in for a quote and speak to a friendly Garceau agent. You might be paying too much!! I'm glad I did. :) One Happy Camper,
Len A.