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  Second To Die/Survivorship Life  
Second To Die/Survivorship Life
Similar to Universal Life except that it insures two people. The policy is specifically designed to provide funds at the death of the second spouse to cover estate-tax liability (in most situations, federal estate taxes are not significant until the second spouse dies). This type of policy can provide needed funds so that the family's estate is preserved for heirs.

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A husband and wife ages 76 and 62 own a $880,000 survivorship policy. The policy's cash value is $153,000. The in-force illustration indicated that the policy's guarantees will remain intact to maturity and no other premiums are needed. The clients wanted to see if there is a better situation available.View Savings
 

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