Home > Glossary > Variable Survivorship Life Insurance

Meaning / Definition of

Variable Survivorship Life Insurance

Categories: Finance,

A type of variable life insurance policy that covers two individuals and pays a death benefit to a beneficiary, only after both people have died. Variable survivorship life Insurance does not pay any benefit when the first policyholder dies. Variable survivorship life insurance is also called "survivorship variable life insurance" or "last survivor life insurance."

Featured term of the day

Definition / Meaning of

Special Personal Auto Policy (SPAP)

Categories: Insurance,

removed

Most popular terms

1. Management Liability Insurance
2. Weighted Stock Index
3. Hope Scholarship Credit
4. Credit Default Swap
5. Self-insured Retention (SIR)
6. Corridor Self-insured Retention
7. SIMPLE
8. National Highway Traffic Safety Administration (NHTSA)
9. Loss Payable Clause
10. Employee Retirement Income Security Act Section 404(c)