LifeBuzz: Joint Last-to-Die Life Insurance - How Coverage Works

LifeBuzz Family Life Insurance news explains joint last-to-die life insurance as a single policy covering two individuals, typically spouses or common-law partners, where, unlike joint first-to-die policies, the death benefit is not paid after the first death; instead, the death benefit is paid to named beneficiaries only after the last surviving insured person passes away. LifeBuzz guide demonstrates a critical distinction from first-to-die coverage, being the timing of payout occurring only after both partners are deceased, making it ideal for maximizing estate value transfer to children or other beneficiaries, while providing tax-efficient wealth preservation throughout the couple's retirement years, ensuring full estate value reaches intended heirs without erosion from taxes or administrative costs.

Joint Last-to-Die Life Insurance in Canada

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