Coverage of two or more individuals with the death benefit payable at the last death. Premiums are significantly lower than for policies that insure one person, since the probability of having to pay a death claim on the second death is lower.
| Insurance Dictionary: Last Survivor Insurance |
Coverage of two or more individuals with the death benefit payable at the last death. Premiums are significantly lower than for policies that insure one person, since the probability of having to pay a death claim on the second death is lower.
| 5min Related Video: Last Survivor Insurance |
| Reinsurance Group America Inc |
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