319-393-5262

Second-To-Die Policy

Ensure the Future of Your Estate

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

First Iowa Insurance Agency, Inc.

4101 Glass Rd NE

Cedar Rapids, IA 52402

Main office: 319-393-5262
Toll free: 800-369-2657
Fax: 319-393-3161

Office Hours:

Mon: 7:30 AM - 5:00 PM
Tues: 7:30 AM - 5:00 PM
Wed: 7:30 AM - 5:00 PM
Thurs: 7:30 AM - 5:00 PM
Fri: 7:30 AM - 5:00 PM
Sat: By Appointment
Sun: By Appointment

Our Providers

Testimonials

Why insure anywhere else, top professionals, very knowledgeable for your insurance needs
Clark Hejda
"As a client of First Iowa Insurance, you are more than just a policyholder. You come to expect personalized, prompt and professional service when working with the First Iowa team. From the simplest of questions to a complicated claim, you have the peace of mind that everything will be handled by First Iowa Insurance."
Nate Dunn
“CCB Packaging has been associated with First Iowa Insurance Agency since 2010. Ron Hammerberg and all his staff offer exceptional customer service and attention to detail. First Iowa is large enough to handle all our insurance needs with the personal touch and attention to detail that we have come to appreciate.”
Brad Canfield, President
“First Iowa Insurance Agency has handled all of our insurance needs since 2009. Their personal guidance and committed support we receive is so important to our growing business. All questions are answered professionally and promptly. We have always felt your insurance company is only as good as your agent, and First Iowa Insurance Agency is one of the best.”
Stacie Sefton BHFO, Inc.