Investor Glossary-dual life insuranceInvestor Glossary-dual life insuranceInvestor Glossary-dual life insuranceInvestor Glossary-dual life insuranceInsightful stock market charts - Click here
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Dual Life Insurance

The HTML to link to this page

Dual life insurance is a unique form of life insurance that provides coverage for two people, instead of one. Most often, dual life insurance is purchased by married couples and used for estate planning. The key difference between dual life insurance and regular life insurance is that dual life insurance is designed to benefit the successors of the estate, not the dual life insurance holders. In other words, the death benefit of dual life insurance is not paid out until the surviving partner reaches death. That means that upon the death of the fist spouse, the surviving spouse does not get the death benefit of dual life insurance. Therefore, dual life insurance is a common way to pay estate taxes and provide for the families of the insured. Dual life insurance is also called second-to-die insurance.

Rate this dual life insurance definition...

Learn about investing with the Investor Glossary Term of the Day

Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.

Popular Terms: APR, required rate of return, in escrow, per diem, stock split, cancelled check, labor relations, liquidity ratio, inflation, 401a, limit order, risk management, Key Rate Duration, retained earnings, FICO score, quality assurance, 144a, real GDP, command economy, dividends payable, deferred revenue, class C shares, stock market close, deferred tax, balance sheet, reverse mortgage, phantom income, ex-dividend, option premium, LIBOR, annual return, debt service coverage, open position, 1035 exchange, current ratio, EBITDA, implied volatility, average price per share, wholly-owned subsidiary, Zero Cost Collar, irrevocable trust, ex-dividend date, FTSE, diluted share, covered put, minority interest, VIX, 1031 exchange, margin rate

Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Home | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use