An insurance policy purchased by a married couple to provide death benefits to their heirs. Benefits paid upon the death of the second spouse or last surviving spouse. Usually purchased to help heirs cover the cost of estate taxes.

Related information about last survivor insurance:

1. Pricing Practices For Joint Last Survivor Insurance - Society of ...
   In pricing joint last survivor insurance policies, standard industry practice ... survival functions and apply the results to price the joint last survivor insurance using ...
    
2. Last Survivor Insurance: Definition from Answers.com
   Last Survivor Insurance Coverage of two or more individuals with the death benefit payable at the last death.
    
3. What is last survivor insurance? definition and meaning
   Definition of last survivor insurance: An insurance policy purchased by a married couple to provide death benefits to their heirs. Benefits paid upon the death of ...
    
4. Last Survivor 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.
    
5. What is last survivor life insurance?
   What is last survivor life insurance at BenefitHouse.com?
    
6. pricing practices for joint last survivor insurance - University of St ...
   1999 Proceedings of Amer. Stat. Assoc., pp.34-38. STATISTICAL ASPECTS OF JOINT LIFE INSURANCE PRICING. Heekyung Youn, Arkady Shemyakin, ...
    
7. Chapter 11
   Please remember that the discussion of the merits of Joint and Last Survivor insurance applies only to life insurance purchased solely to protect an estate ...
    
8. Download pdf. - Journal of Actuarial Practice
   The calculation of the premiums for last survivor insurance and annuity contracts then in ... also derive last survivor insurance and last survivor annuity formulas ...