Which of the following statements accurately describe a seco…
Which of the following statements accurately describe a second-to-die life insurance? It is generally not includible in any insured’s gross estate, if owned in an ILIT. It can provide liquidity to pay estate taxes at the death of the second insured. It pays a partial benefit at the death of the first insured to die (administrative and estate taxes) with the remainder paid in full at the second death. Premiums are usually less expensive than for individual policies on each of the two insureds for the same face amount.