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Second-to-die insurance

A form of Insurance which pays a death Benefit only upon the death of the Last surviving Insured person. Often used by a married couple in estate Planning. also called Dual life insurance or Survivorship insurance.

Related Terms: 11 Benefit, Call, Death benefit, Dual life insurance, Insurance, Insured, Life insurance, Last, Planning, Survivorship insurance, Survivorship
Other Related Pages: Category: Insurance Starting With: S
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