Second To Die Insurance

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What does Second To Die Insurance mean? Read on to discover the definition & meaning of the term Second To Die Insurance - to help you better understand the language used in insurance policies.

Second To Die Insurance

Second To Die Insurance

Two-person life insurance policy which pays only after both insureds have died. Bought usually by affluent couples for paying the estate taxes.

More Insurance Terms And Definitions

The Merriam-Webster Dictionary defines insurance as:

a: The business of insuring persons or property.

b: Coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.

c: The sum for which something is insured.

We hope the you have a better understanding of the meaning of Second To Die Insurance. If you are looking for the meanings of other important insurance terms and their definitions, just click on the letter below to find the words & concepts you are looking for:

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