Life insurance for gay married couples

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Before the Windsor decision, same-sex couples could be co-enrolled in an employer's healthcare plan in states that recognized same-sex marriage, and in other states they would need to enroll as partners that were in a domestic partnership. Financial product lag in the LGBT community In terms of investment and financial product ownership, the LGBT population trails the general population in virtually every category of their financial situation. While the process can seem daunting, purchasing life insurance can actually be simple. Individuals are encouraged to seek advice from their own tax or legal counsel. Filing this way often allows married couples to receive the greatest number of tax benefits.

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One of the most important developments for LGBT couples is the unlimited estate tax marital deduction.

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Same-sex couples have the right to file as "married filing jointly" on their tax returns. Help make sure your loved ones are protected if something happens to you, with Prudential Life Insurance. Height and Weight Charts.

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The death benefit from life insurance can be used for the college education of children if one spouse dies.

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