MLchartDataset catalogue

Joint life and survivor, or second to die, life insurance

Term · Insurance and risk management · MLC-T-INS-001932

A type of life insurance policy that covers two individuals but pays out the death benefit only upon the death of the second insured. The policy remains in force as long as one insured is alive, and the proceeds are distributed after both have passed away. This coverage is often used for estate planning purposes, such as funding estate taxes or providing for heirs.

Table 1. Record
IdentifierMLC-T-INS-001932
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001932",
  "term": "Joint life and survivor, or second to die, life insurance",
  "field": "Insurance and risk management",
  "definition": "A type of life insurance policy that covers two individuals but pays out the death benefit only upon the death of the second insured. The policy remains in force as long as one insured is alive, and the proceeds are distributed after both have passed away. This coverage is often used for estate planning purposes, such as funding estate taxes or providing for heirs.",
  "url": "https://mlchart.com/terminology/insurance/joint-life-and-survivor-or-second-to-die-life-insurance/"
}

Record 1,840 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.