Question 1025 of 287 · Texas Life, Accident and Health Agent Exam
Survivorship life (second to die) is most commonly used to
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Correct answer to question 1025
- A: provide funds for estate taxes after the death of the second spouse
Explanation
Second-to-die policies insure two lives and pay on the death of the surviving insured. The premium is lower than for two separate policies, and the proceeds often fund estate liquidity.
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