Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Aug 24, 2021

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The Brief

  • Survivorship variable universal life insurance can be an effective way to protect your beneficiaries
  • Survivorship life insurance policies cover multiple policyholders but won’t yield a death benefit until both are deceased
  • Compared to two separate universal life insurance policies, survivorship life insurance policies can be more affordable

If you’re looking for sample life insurance rates, it could be worthwhile to look into survivorship variable universal life insurance. With so many options available, it’s important to compare different products.

We get it, there are a wide variety of life insurance products to compare. We’ll guide you by providing the variable survivorship life insurance benefits and eligibility requirements, and tell you how you can start protecting your family.

Within moments, you’ll know everything you need to know about survivorship variable universal life insurance. For now, take advantage of our free quote tool above to get personalized rates from insurers near you.

What is survivorship variable universal life insurance?

A survivorship variable universal life insurance policy is a unique life insurance policy that yields a death benefit after the deaths of two people, oftentimes parents or a couple.

It’s not quite that simple, however. It helps to know the different components of survivorship variable universal life insurance.

For example, “survivorship” and “variable” are referring to different components of the policy. In a sense, there are multiple types of life insurance combined into one policy.

What is a survivorship policy?

A survivorship policy, or survivorship insurance, is a life insurance policy that distributes a death benefit once the last person on the policy has died. In this case, they were the survivor compared to the other policyholder.

Why would someone want a survivorship life insurance policy? A survivorship life insurance policy can be helpful in a few cases, listed below.

  • Estate planning
  • Child protection
  • Charitable donations

How are survivorship life insurance policies helpful in estate planning? In short, a survivorship life insurance policy is usually purchased to directly protect the heirs to a person’s estate, including things like property.

This becomes increasingly important if the heir, or beneficiary, is unable to provide the funds necessary to maintain the upkeep of the estate. A survivorship policy prevents liquidation or repossession of an estate.

If you’re wondering about survivorship variable universal life insurance rates, you’ll be pleased to find that a survivorship life policy premium tends to be fairly affordable.

Monthly Universal Life Insurance Rates, $250,000, for Non-Smokers
AgeMonthly Rate for FemalesMonthly Rate for Males
25-35$71 - $96$96 - $122
35-45$96 - $148$122 - $171
45-55$148 - $238$171 - $303
55-65$238 - $445$303 - $491
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Survivorship variable universal life insurance quotes can vary greatly due to many factors related to both policyholders and the desired cash value accumulation.

The rates above could help give you a general idea of monthly universal life insurance expenses per person. Many times, survivorship insurance costs less than it would to have two individual policies.

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In short, because a survivorship policy only yields one payout, the monthly expense tends to be lower, even for a similar coverage amount. You’ll need to shop around to find an affordable survivorship variable universal life insurance policy.

What is variable survivorship life insurance?

Another component to analyze is the “variable” aspect of these life insurance policies. A survivorship policy typically just refers to the two-person coverage and waiting period before a death benefit.

Variable universal life insurance is a specific type of permanent life insurance that offers a death benefit and cash value. The variable component refers to the potential interest accrued over time.

A variable universal life insurance policy builds value based on the performance of a policyholder’s market choices.

At times, market fluctuations can even cause these values to be negative, according to the National Association of Insurance Commissioners (NAIC).

Survivorship Universal Life Insurance Pros and Cons

Survivorship universal life insurance could be helpful for couples that have a reliant dependent with special needs.

Life insurance is designed to help protect beneficiaries from major financial duress during trying times.

We’ve covered a lot about survivorship variable universal life insurance throughout this article. Below, we’ll highlight the key points.


  • Cheaper than multiple individual life insurance policies
  • Helps protect dependents who can’t support themselves
  • Could build more cash value than a normal universal life policy


  • Must wait for both policyholders to die before a death benefit
  • Potential risk with cash value interest reliant on market performance
  • Could be more expensive than a term life insurance policy

Overall, choosing the right life insurance policy will depend on your family’s needs. In some cases, a survivorship variable universal life insurance policy could be a smart move.

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Survivorship Variable Universal Life Insurance: The Bottom Line

Overall, a survivorship life insurance policy could help your beneficiaries move on after you’ve passed. A variable universal survivorship policy could be a good option if you’re an educated investor.

By now, you should know if you want to buy survivorship variable universal life insurance. Before you go, get personalized life insurance rates in just a few clicks with our free quote tool below.