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Home > QFINANCE Dictionary > Definition of last survivor policy

Definition of

last survivor policy

Insurance

life insurance policy for two or more an insurance policy covering the lives of two or more people. The sum insured is not paid out until all the policyholders are deceased.

Related definitions of "last survivor policy"

Definitions of ’last survivor policy’ and meaning of ’last survivor policy’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’last survivor policy’ and other financial terms with our online QFINANCE Financial Dictionary.

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