Add a Policy Split Option rider to your life insurance policy
The Policy Split Option rider can be attached to a survivorship policy insuring two people. It gives you and the other policy owner the option to exchange your policy for two individual policies within a year of a particular event, such as divorce or a change to the federal estate tax law.
This rider must be selected when the policy is issued. Policy contract values and debt will be split equally. Please refer to the prospectus or your insurance contract for details about this rider.