A life insurance policy that generally protects the lives of two individual is called second to die life insurance. It is popularly known as Survivor ship Life Insurance. Normally, this type of insurance policy is considered by couples like husband and wife. Since it is joint survivor ship insurance, the beneficiary cannot claim the death benefit until the death of both parties insured. The reason for this is that this type of policy is premeditated to give assistance in paying estate tax. The Survivor ship Life Insurance can be available either as whole or universal life policies and cost less than two separate policies. Link
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