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630.524.4803

Second-To-Die Policy in Carol Stream IL & Wheaton IL

Ensure the Future of Your Estate.

Between physical assets and financial successes, there are many things that married couples share. Rich Davis & Associates, Inc 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 Rich Davis & Associates, Inc gives your beneficiaries the means to pay off your estate taxes without having to liquidate the personal assets you’ve worked hard to attain. And because the policy insures more than one person, you’ll 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’s important to discuss your options with an insurance specialist from Rich Davis & Associates, Inc to determine the right amount coverage for you and your family.

*Federal income tax laws are complex and subject to change. Neither Nationwide nor its representatives give legal or tax advice. Please consult your attorney or tax advisor for answers to specific questions. 

Our Location

Rich Davis & Associates, Inc

665 Andrew Lane
Carol Stream, IL 60188
Main office: 630-524-4803

Our Providers

We went to Rich Davis & Assoc for home and auto insurance quotes. It had been many years since we had done this process and Rich was patient, professional and thorough. He guided us through all of the detail and was pleasant throughout. We would recommend his agency to any of our friends or acquaintances that are seeking insurance. In fact - we already have!
Mary B.
Rich answered all my questions regarding the purchase of both an accident and homeowners policy through Grange Insurance. He did price comparisons and offered suggestions prior to the purchase. He gave me choices and was very patient and that always gives the customer satisfaction about who he is working with. I highly recommend RDA Insurance to anyone looking for either a new policy or for policy comparisons.
Ron D.
Rich Davis has handled my Car and Homeowner's insurance for over 20 years. Rich is a man of integrity and works very hard to meet the needs of his customers. I don't usually recommend or refer my family and friends to anyone I do business with unless their services are outstanding and a great example of excellence. Rich Davis and Associates have both of the very important qualities!
Cathy B.