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| 2nd to Die within the same accident option |
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This type of AD&D Policy covers two lives rather than just one life. It is usually a husband and wife. The policy only pays upon the death of the second person, when both are fatally injured in the same accident. This type of Policy is much less expensive than insuring both individuals separate. This option would be of interest if both persons are able to sustain the family financially on their own, however the surviving children would need financial assistance upon the death of both parents. If you wish to have a quote including the 2nd to Die option, please include the occupation and age of the second person in the message field of the .
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| 2nd to Die within the same policy period option |
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This type of AD&D Policy also covers two lives rather than just one life. It is usually a husband and wife. The policy only pays upon the death of the second person, when both are fatally injured in the same Policy period, not necessarily in the same accident (a typical policy period being 1 year). This type of policy is much less expensive than insuring both individuals separate, and slightly more expensive than the 2nd to die in the same accident option. This option would be of interest if both persons are able to sustain the family financially on their own, however the surviving children would need financial assistance upon the death of both parents. If you wish to have a quote including the 2nd to Die option, please include the occupation and age of the second person in the message field of the .
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| 401 Trust |
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Governed by IRS Codes, these accounts have limited use for tax-free funding of postretirement benefits. An employer's 401(h) contribution is limited to no more than 25% of total contributions to all retiree benefits, including pension benefits. Since the health liabilities for most employers are so large, a 401(h) could provide only incidental funding.
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| 501(c)(9) Trust |
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A Voluntary Employee Beneficiary Association (VEBA).
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