Second-To-Die

What is it? A type of life insurance policy that insures two lives. The death benefit is payable at the second death. Generally, this product is used as a funding vehicle for estate taxes payable at the second death when the unlimited marital deduction is utilized. A

Added By: Elizabeth

Send To Friends!

If you'd like to send the Second-To-Die definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Second-To-Die. If you need any more information on this term, please don't hesitate to contact us.