survivorship policy
noun[C]
INSURANCE,TAXukus(alsosurvivorship contract)insuranceforownerswhoshareabusinessorpropertywhichpaysout only after the lastownerdies, so that there ismoneytopaytherelatedtaxwithoutsellingtheasset:
Estatetaxcanforcetheheirsto theownersof asmallfamilybusinesstosellinordertopaythetaxwhen Mom and Pop do not have a survivorshippolicy.