If you compare the cost of a universal life policy for a husband seperately and a wife seperately, and then compare the cost of the same amount of insurance on the couple, you should see a significant (30%)? decrease in the policy, compared to either one individually
Karen F. Greenberg, Directorof FL3:00AM February 13, 2010
The children are the bright future to the whole world so let us put hand and help where we can help by providing with a good help that we can all support to make a good foundation to all children in need
Nokubonga2:59AM January 16, 2009
The idea of having a second to die policy is good in theory but what I don't understand is why the average cost of the policy is so high. I would think that a second to die policy would be cheaper than a standard policy since 2 events need to occur before a benefit is paid. About $2K a year is not cheap when you are on a single income so one parent can support your special needs child.
Just dealing with medical, physical and educational needs is tough. In today's economic market, I need to ensure that our retirement savings can support 3 people instead of 2. At the moment, funding our daughter's special needs trust is pretty far down on the priority list.
Reader Comments
Back to article
Karen F. Greenberg, Director of FL 3:00AM February 13, 2010
Nokubonga 2:59AM January 16, 2009
John of WI 1:38PM October 11, 2008