Which one of the following statements correctly identifies a purpose or characteristic of a second-to-die life insurance policy?

A) This policy is also known as a split dollar policy.

B) The premium will cost more than the combined premiums for separate policies on all of the insured parties.

C) This is a type of policy that will pay benefits at the death of the first insured to die.

D) When the insured parties are a husband and wife, a purpose may be to allow the first-to-die spouse to leave everything to the surviving spouse.