|
Example 1:
$600,000 For A family Of Two.
| Individual Accounts |
Coverage |
| Wife |
$100,000 |
| Husband |
$100,000 |
| |
|
| Joint Accounts |
|
| Husband and Wife |
$200,000 |
| |
|
| Revocable Trust Accounts |
| Husband as Trustee for Wife |
$100,000 |
| Wife as Trustee for Husband |
$100,000 |
| |
|
| Total: |
$600,000 |
Example 2:
$1,000,000 For A Family Of Three
| Individual Accounts |
Coverage |
| Wife |
$100,000 |
| Husband |
$100,000 |
| Child |
$100,000 |
| |
|
| Joint Accounts |
|
| Husband and child |
$100,000 |
| Wife and Child |
$100,000 |
| Husband and Wife |
$100,000 |
| |
|
| Revocable Trust Accounts |
| Husband as Trustee for Wife |
$100,000 |
| Husband as Trustee for Child |
$100,000 |
| Wife as Trustee for Husband |
$100,000 |
| Wife as Trustee for Child |
$100,000 |
| |
|
| Total: |
$1,000,000 |
Example 3:
$1,400,000 For A Family Of Four
| Individual Accounts |
Coverage |
| Wife |
$100,000 |
| Husband |
$100,000 |
| Child 1 |
$100,000 |
| Child 2 |
$100,000 |
| |
|
| Joint Accounts |
|
| Husband and Wife |
$100,000 |
| Husband and Child 1 |
$100,000 |
| Wife and Child 1 |
$100,000 |
| Child 1 and Child 2 |
$100,000 |
| |
|
| Revocable Trust Accounts |
| Husband as Trustee for Wife |
$100,000 |
| Husband as Trustee for Child 1 |
$100,000 |
| Husband as Trustee for Child 2 |
$100,000 |
| Wife as Trustee for Husband |
$100,000 |
| Wife as Trustee for Child 1 |
$100,000 |
| Wife as Trustee for Child 2 |
$100,000 |
| |
|
| Total: |
$1,400,000 |
|
|
Example 4:
$600,000 For A Single Parent And One Child
| Individual Accounts |
Coverage |
| Parent |
$100,000 |
| Child |
$100,000 |
| |
|
| Joint Accounts |
|
| Parent and Child |
$200,000 |
| |
|
| Revocable Trust Accounts |
| Parent as Trustee for Child |
$100,000 |
| child as Trustee for Parent |
$100,000 |
| |
|
| Total: |
$600,000 |
Example 5:
$1,000,000 For A Grandfather, Grandmother & Grandchild
| Individual Accounts |
Coverage |
| Grandfather |
$100,000 |
| Grandmother |
$100,000 |
| Grandchild |
$100,000 |
| |
|
| Joint Accounts |
|
| Grandfather and Grandmother |
$100,000 |
| Grandfather and Grandchild |
$100,000 |
| Grandmother and Grandchild |
$100,000 |
| |
|
| Revocable Trust Accounts |
| Grandfather as Trustee for Grandmother |
$100,000 |
| Grandfather as Trustee for Grandchild |
$100,000 |
| Grandmother as Trustee for Grandfather |
$100,000 |
| Grandmother as Trustee for Grandchild |
$100,000 |
| |
|
| Total: |
$1,000,000 |
|
