second death
Describing a joint life insurance policy that pays out in the event that both of the…Describing a joint life insurance policy that pays out in the event that both of the lives assured have died (not necessarily at the same time).
Meaning
1 senses(not comparable)Describing a joint life insurance policy that pays out in the event that both of the lives assured have died (not necessarily at the same time).
A joint life second death term assurance contract.
Dictionary text adapted from Wiktionary (Wiktionary contributors, CC BY-SA 4.0) and Open English WordNet / Princeton WordNet (CC BY 4.0, WordNet License); shared under CC BY-SA 4.0. Example sentences and recordings are credited where they appear.