Survivorship Life Insurance Policy

Survivorship Life Insurance Policy

by Richard C. Wilson & Family Offices Group Association Team

Family Office Definition: Survivorship Life Insurance Policy

Survivorship Life Insurance Policy definition:  A survivorship whole life insurance policy insures a group of individuals. The death benefit is paid when the last joint owner dies, as opposed to a first-to-die policy. Compared to individual policies, the premiums are typically lower on a last-to-die policy since the combined life expectancy is used to calculate premiums. This is an option when a married couple doesn’t forsee needing a death benefit for the surviving spouse and wishes to provide for the children or other beneficiaries instead after both have passed.

Download our free Family Office Report to learn more about the family office industry.

Read more Family Office Definitions

Tags: What is survivorship life insurance policy?, survivorship life insurance policy definition, survivorship life insurance policy family office, survivorship life insurance policy term, define survivorship life insurance policy, survivorship life insurance policy wealth management, survivorship life insurance policy multi-family office, survivorship life insurance policy single family office

Leave Your Response

* Name, Email, Comment are Required

We run the Family Offices Group, the #1 largest family office association with 84,000+ global members. We offer live events, a bestselling book, Webinars, a family office database, and a family office training & certificate program called the Qualified Family Office Professional (QFOP). To get to know us please watch this 2 minute video, and contact us any time during pacific business hours by calling (212) 729-5067 or emailing us at

Free Family Office Report (PDF)

Contact Details for 1,000 Family Offices in Excel