Give us a call
320.763.4516

Second-To-Die Policy

Ensure the Future of Your Estate

Between physical assets and financial successes, there are many things that married couples share. Timm 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 Timm 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 Timm Agency to determine the right amount coverage for you and your family.
 

Our Location

Timm Agency Insurance

510 22nd Ave E, # 300
Alexandria, MN 56308
Main office: 320-763-4516
Fax: 320-763-9510

Our Providers

Testimonials

I have been with The Timm Agency for over a decade, most of it while living in Minneapolis. They have always been quick to respond and I have had a number of instances when they've called to say they've found me better rates! Impeccable service and I would highly recommend them to anyone.

David T
Daylon saved me hundreds and gave me better insurance policies. When the time came to make a claim he was timely and he guided me through the process. Switching to The Jeff Timm Agency was one of the best financial decisions I've made in the past few years. -I. Triebold

Issac T.
For years, we had our homeowners policy with a local company and were VERY unhappy with the service we received. So we looked into switching. One year later, I am happy to say that after a claim we recently had to make we are BLOWN AWAY by the care, and service we received from you all! Thank you!!!!

Caryn S.