survivorship 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 couple in estate planning. also called dual life insurance or second-to-die insurance.

Use this term in a sentence

I did not want to think any further on our survivorship insurance because I knew that it was something bad.

​ Was this Helpful? YES  NO 5 people found this helpful.

You should try and make sure that you get a good survivorship insurance so that you know things will be taken care of.

​ Was this Helpful? YES  NO 8 people found this helpful.

The survivorship insurance was the best policy for the group of brothers and sisters who were carefully planning their finances.

​ Was this Helpful? YES  NO 3 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
survivorship bias sushi bond