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Second-To-Die Policy in Lima OH & Elida OH

Ensure the Future of Your Estate.

Between physical assets and financial successes, there are many things that married couples share. Ley Insurance 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 Ley Insurance Agency 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 Ley Insurance Agency 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

Ley Insurance Agency

513 N Cable Rd
Lima, OH 45805
Main office: 419-434-9595

Our Providers

Testimonials

Very happy with their service and they meet my auto and home owners needs at this time!
Yvonne D
We have had several years of excellent service!
Roger P
I have been with Dennis Ley insurance since I got my license. The staff has always been very helpful with making sure my payments were made and that I was always in compliance. They are prompt with answering questions and I never have to worry about anything!! Thank you for always being PROFESSIONAL!!
MIchael C
Enjoyed working on finding an insurance package with our agent. Thanks for your service!
James B
I am extremely happy with Ley Insurance Agency. I had been a lifelong customer with another company and continued to have rate increases. When I contacted Ley Insurance I found the staff to be very courteous and they explained the products thoroughly. I was astounded when I discovered I could save nearly $1,000 per year in premiums. I quickly shared the word and referred several others. They also saved a significant amount of money and are very pleased that they made the switch as well. Thank you for your outstanding service!
Mark F
I can always count on my agent to answer all my insurance questions and provide me the best service at a good price!
Fred M
Having been with the same insurance company for many years, we decided to shop around. We found Ley Insurance Agency. They were friendly, courteous, and very professional. They saved us a considerable amount of money. We are extremely happy!
Esther R
Thank you so much for the flowers! It made my day! Great service and great people!
Shannon H
When my daughter was 'kicked out' of our insurance company approximately 20 years ago, Ley Insurance was the first one of approximately 10 companies that would insure my two teenager and myself. It sticks with you when you are turned down. Many have told me I could find cheaper or better and I don't go looking. I remember who helped us out many years ago.
Sheila C.