Survivorship Life InsuranceGEBA_Large-Family_7.25.13

Survivorship life insurance is a kind of permanent life insurance that covers two people and pays upon the death of the second person.  The premiums are usually less than they would be to provide similar coverage under two separate policies.  Survivorship life coverage is often used when a husband and wife wish to fund a legacy for children, grandchildren, charities or institutions they support because this type of insurance allows individuals to maximize the life insurance benefit.  Learn more.