SECOND-TO-DIE INSURANCE
Second-To-Die Insurance is a kind of life insurance for two people that mostly applies to married couples whose purpose is the provision of benefits to the heirs that will take effect only in the event that the second person dies. The difference from the regular insurance is that the second person does not receive any of the benefits in case the first dies. In this definition, Second-To-Die Insurance is utilized for planning the estate.
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