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Joint survivor life insurance:
A life insurance contract which covers two lives and provides for the payment of the proceeds upon the death of the second insured.  Also known as survivorship life insurance or second to die life insurance, this type of policy is typically used to pay estate taxes upon the death of the second insured.  It is also often used by parents of special needs children to ensure the child will be provided for after the death of both parents.

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Key person (key man or key employee) life insurance:
Protection of a business against the financial loss caused by the death of a vital member of the firm.   A means of protecting a business from the adverse effects of the loss of individuals possessing special managerial or technical skill or experience.

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