Fayette, Kentucky is in the Bluegrass region. Fayette was named after Marquis De Lafayette. 15% of Fayette residents report that they are of German ancestry and 13% of Irish ancestry. (Marquis De Lafayette was a wealth Frenchman who cam to America to support the Revolution. He befriended General Washington and was with him at Valley Forge).

Last survivor life insurance, or survivor ship life insurance, is a type of joint whole life insurance designed mainly for married couples.

Federal estate taxes are not collected on property left to a spouse, but when the surviving spouse dies, estate taxes are due and can be very high. A last survivor policy pays a benefit only after both spouses have died, providing funds for estate taxes.

There are three advantages of last survivor life insurance over individual coverage:

1. Lower premiums ? more cost effective than two individual policies.
2. Medical underwriting standards may be eased with respect to one of the insured person, due to second death payouts.
3. Lower “economic benefit” for income taxes in Split Dollar Plans (often 10 times lower).