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Second-To-Die Policy in Bourbonnais IL & Bradley IL

Ensure the Future of Your Estate.

Between physical assets and financial successes, there are many things that married couples share. First Community Insurance and Annuity Center 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 Community Insurance and Annuity Center 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 First Community Insurance and Annuity Center 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

First Community Insurance and Annuity Center

731 Larry Power Rd
Bourbonnais, IL 60914
Main office: 866-937-5533
Toll free: 866-937-5533
Fax: 815-937-8571

Our Providers

Testimonials

It's not always about the price, sometimes it is simply having the right coverage. With First Community Insurance I never worry whether I'm covered or not.
K.Smith - Culvers Franchise
Doug and his team handle the hard stuff immediately. The impossible takes a week or two.
T. Garcia - Small Business Owner
I don't worry about my retirement anymore. Doug set me up on autopilot income with above average returns and no risk... very happy.
M. Lucas - Semi-Pro Golfer
We wont go anywhere else.
R.Steinke and J.Piekarczyk
Doug Wheeler was the best thing that came into my life. I was in a perfect storm and he calmed the sea and assured me I would survive. Through his knowledge and direction, I can honestly say that I am OK today because of Doug. I questioned what I didn't understand and Doug was always willing to explain the unknown to me. I am pleased and privileged to now call him my friend as well as financial advisor. He treated me like family from the beginning and still does.
Kathy Lachowicz
In working with Doug Wheeler and First Community, I have found Doug to be the consummate insurance agent. Always looking out for your interests and doing what’s best for the client, he values the relationships he has built over the years and has extended those through generations of families he has worked with. When you need Doug, he is on the phone or at your door, ready, willing, and able to help. His extensive knowledge of insurance products and concepts has made him a respected member in his community and the insurance industry as a whole. If you are looking for a trusted advisor to help you through the often difficult world of insurance products and how to use them, Doug will personally walk you through the process and make it easy to understand.
John O'Keefe