What Is Dual Life Insurance?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Dual life insurance is life insurance that is taken out jointly, often by married couples (but the two persons do not have to be married), with both persons names as the Insured persons on the policy It does not pay the death benefit when the first of the Insured person passes, but pays the death benefit upon the passing of the second Insured person. Thus, the common title, "second-to-die" life insurance. It is also referred to as "joint" life insurance or "survivorship" life insurance.
    Answered on May 5, 2013
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