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 second-to-die insurance or survivorship insurance.
Related information about dual life insurance:
- Second to Die Life Insurance Rates
A dual life insurance policy is a more economical way to insure a couple than purchasing two separate life insurance policies. Second to die life insurance is ...
- What is dual life insurance? definition and meaning
Definition of dual life 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 ...
- What is Dual Life Insurance? - Investor Glossary
What is Dual Life Insurance? Find out right now with a helpful definition and links related to Dual Life Insurance.
- Dual Life Insurance - Financial Dictionary - The Free Dictionary
Insurance policy that, on the death of the spouse dying last, pays a death benefit to the heirs that is designed to cover estate taxes.
- Single Life, Joint Life & Dual Life Insurance? | Key Insurance Quotes
Nov 27, 2010 ... The difference between these life insurance policies is in the number of people they insure, and how they pay out. A single life policy insures ...
- Wealth transfer insurance - Bogleheads
Jan 31, 2012 ... It is also called "Dual-Life Insurance" and "Survivorship Insurance". Irrevocable insurance trusts investopedia says: An irrevocable trust set up ...
- Second-To-Die Insurance Definition | Investopedia
For example, it could be designed to pay estate taxes or support any surviving children. It is also called "Dual-Life Insurance" and "Survivorship Insurance".
- What is a dual policy in insurance
A Dual life insurance policy covers two people, though independently. It is effectively like having two single policies where cover will pay benefits on the death of ...