insurance

What is second-to-die insurance?

 

What is second-to-die insurance?

The Bankrate.com financial term of the day is: "second-to-die insurance."

Second-to-die insurance is also known as survivorship life insurance. You've heard of hair care? This is heir -- H-E-I-R -- care. It's life insurance on two people, usually spouses, and is geared toward paying their estate taxes when both have died, so the heirs will get their inheritance and not the IRS.

Second-to-die insurance is life insurance times two, and the product is protection for survivors when both insured people are gone.

To get a quote on a new insurance plan, visit the Insurance section at Bankrate.com.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
advertisement
advertisement

Blog

Tara Baukus Mello

AAA survey: American drivers don’t trust car repair shops

Two-thirds said they distrust car mechanics, citing overcharges, recommendations for unnecessary services and previous bad experiences with repair shops.  ... Read more


Connect with us