Anyone Have Experience with Survivorship Life Insurance?

Hey everyone,

I'm looking into Survivorship Life Insurance (also called second-to-die insurance) and wondering if anyone here has experience with it?

From what I’ve gathered, it’s a type of life insurance that covers two people—usually spouses—and only pays out after both pass away. It seems like it’s often used for estate planning, reducing estate taxes, or leaving a legacy to kids or grandkids.

What I’m trying to understand is:

• Is it worth it compared to two separate policies?

• What are the pros and cons?

• Is it a good choice if one spouse is uninsurable?

I found this article helpful: https://insureguardian.com/services/family-life-insurance/survivorship-life-insurance/ – it breaks down who it's for and how it works.

Would love to hear from anyone who has a policy or looked into this type of coverage. Is it a smart move for long-term estate planning? Or are there better options?

Thanks in advance!