A survivorship or a second to die life insurance is a life insurance policy that covers the lives of two individuals with just one policy. This policy pays a death benefit after both insureds have died. The cost or premium for this survivorship policy is usually lower than the cost for two individual life insurance policies.
A second to die life insurance policy is the most appropriate for individuals who would only need to pass along their death benefit upon the death of second spouse. Here are a few special scenarios that make second to die life insurance coverage especially appealing:
There are various kinds of second to die life insurance policies like whole life, guaranteed universal life and indexed universal life. There is no one-size-fits-all survivorship policy. The type of insurance policy that is appropriate for you depends on your individual scenario. Please call (877) 972-3262 or complete quote request form for consultation and comparison of various policies and insurance companies now.