What is Last Survivor Life Insurance?
Last survivor life insurance, or survivorship life insurance, is a type of joint whole life, designed mainly for married couples.
— Last Survivor Life Insurance is a two-person policy, typically for husband and wife, that provides immediate cash to your heirs for your final estate settlement costs–these costs can be taxes on your property and death, your debts, your mortgage, etc. However, this policy is only effectual after the second spouse has died. This is the most cost-effective method of insuring your life if the funds will not be needed in immediate response to your death.
