Second to die insurance is also known as joint and survivor insurance is an insurance policy that basically insures the lives of two people, most often a husband and wife. In second to die insurance, the beneficiary of the policy does not collect until the second person dies. Second to die life insurance policies are most often whole life insurance policies or universal life insurance polices which also makes them more affordable than other types of life insurance polices. In addition, combining two people on one policy also makes the policy more affordable than having two separate policies. Second to die life insurance are designed more as estate planning tools than they are as sources of income from a death.