Single Life

When considering life insurance policies for couples, there is often a question of joint (or survivorship/second to die) and single policies. There are advantages and disadvantages of both types of life insurance policies. The biggest difference is the variables that single policies provide a couple. Payouts, premiums, and coverages can be adjusted for each individual with single life insurance policies.

The other consideration is separation of the couple. Unfortunately divorce, while an unpleasant thought, is a reality in our society, and having separate single plans to cover both parties can make continuing the policy after a divorce much easier.