It’s an unsettling question asked by most couples: What will happen to our estate when we die?

Will my children (or other beneficiaries) be provided for, or will they be left with a huge financial liability to go along with the tough task of dealing with our demise?

To help ease the burden of this daunting issue, Gatt Wealth Management offers an insurance product called “Survivor Insurance”. This is a relatively new form of insurance and you should be familiar with it if you are married and expect to have an Estate Tax bill when the last of the two of you die.

This product is designed to insure both spouses’ lives and pay a death benefit when the last of the insured pair dies. The premiums are lower than the premiums on two separate life insurance policies separately insuring each spouse. This is due to the longer life expectancy that the last to die of two people have over the shorter life expectancy of two individuals standing on their own.