661-578-5329

Second-To-Die Policy in Bakersfield CA & Taft CA

Ensure the Future of Your Estate.

Between physical assets and financial successes, there are many things that married couples share. Edward J. Herrera 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 Edward J. Herrera 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 Edward J. Herrera 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. 

Edward J. Herrera Insurance Agency

2017 19th St.

Bakersfield , CA 93301

Main office: 661-578-5329
Fax: 661-327-7791

Office Hours:

Mon: 9:00 AM - 5:00 PM
Tues: 9:00 AM - 5:00 PM
Wed: 9:00 AM - 5:00 PM
Thurs: 9:00 AM - 5:00 PM
Fri: 9:00 AM - 5:00 PM
Sat: 10:00 AM - 2:00 PM
Sun: Closed

Taft Office

417 1/2 Center St.

Taft, CA 93268

Main office: 661-577-4231
Fax: 661-745-4921

Office Hours:

Mon: Closed
Tues: 12:00 PM - 4:00 PM
Wed: 11:00 AM - 4:00 PM
Thurs: 12:00 PM - 4:00 PM
Fri: 12:00 PM - 4:00 PM
Sat: Closed
Sun: Closed

Our Providers

Testimonials

Edward Herrera is one of the best insurance agents I now, is a wholesome professional I recommend him highly.
Jorge Torrejon
Ed Herrera Insurance Agency is the best that I have ever used. I have known Ed Herrera for 20 + years on a personal and professional basis. He and his office staff are incredibly honest, trustworthy, competent, capable and caring.
David Huff
"Ed is an outstanding business leader in his community and among his associates. He is very knowledgeable in several areas of insurance and cares deeply about his clients. He is very sincere and honest." ________________________________________
John Sanders