differ). Under the Act, neither inherits the other's estate, each is taxed separately, and their heirs inherit both estates once. Insurance The Act may also help to resolve a life insurance case where the insured and beneficiary die in a common disaster. Different rules apply for insurance. For example, Carol has a life insurance policy through her employer. Her husband Dave is its beneficiary. They are both killed in a car crash, dying at or near the same time. If Carol has named a secondary beneficiary in her policy, that person will receive the life insurance benefit. If Carol has not named a secondary beneficiary, then it is assumed that she outlived Dave, and the benefit is inherited through Carol's estate. References External links Uniform Law Commissioners information on the Act The Act as enacted in the Kentucky Revised Statutes 1940 in American law 1993 in American law Wills and trusts Simultaneous death 1940 in the United States