Question 5021 of 303 · California Life-Only Agent Exam

A survivorship life policy (second-to-die) pays

Exactly one answer is correct.

Aafter the death of the first insured
Bonly if both insureds die at the same time
Cafter the death of the last surviving insured
Dat the end of a stated period

Show solution

Correct answer to question 5021

C: after the death of the last surviving insured

Explanation

Survivorship policies are often used for estate planning, to provide funds for taxes at the second death.