Question: What is Second-To-Die Life Insurance?


Simply, it is life insurance that covers two people, with one policy.

But, the death benefit is only available after both covered individuals have passed away.

Most often this type of solution appeals to married individuals who are focused on estate planning and providing for posterity.

In addition to estate planning, a second-to-die life insurance policy can sometimes offer financial and approval benefits as well. For instance, if one person is not in great health, it can be difficult for them to obtain life insurance. But if the spouse or other party is in better health, the odds of policy acceptance can increase with a second-to-die life insurance policy. In some instances, this can also lead to some cost savings as well.

Reposted from Google's Question/Answer forum.

Connect with Brian C. if you have more questions about life insurance. 

April 02, 2018
by Brian Cook
Co-Founder + Partner