Question: All the following statements concerning the second-to-die policy are correct, EXCEPT: It is also called survivorship life. It is often used in estate planning. It

All the following statements concerning the second-to-die policy are correct, EXCEPT: It is also called survivorship life. It is often used in estate planning. It pays half the death benefit at the first death and the other half upon the second death. It is usually whole life, but it may be term insurance

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