Gotta say, I did ponder about this during the movies.. was wondering why the Deathly Hallows Part 2 didn't make any references back to it..

Source: Pronetomindfuckery.tumblr.com

But like what others have mentioned... although Snape's story was affectionately shown in the movies.. I do feel that the 2nd brother should refer to Albus Dumbledore... as quoted from from Harry Potter wikia.com:

" The story is believed to refer to three actual brothers. These three men are Antioch, Cadmus, and Ignotus Peverell. Antioch was the oldest brother and possessed the Elder Wand, which was not passed down in any true order. It became the property of whoever took from its previous master. It held a long and bloody history, until it came into the hands of Albus Dumbledore, who sought to change its infamous reputation and use it for the good of others. Cadmus was the middle brother and possessed the Resurrection Stone, which passed down until it came into the Gaunt family. Marvolo Gaunt was known to have possession of it, and then it changed hands to his son Morfin, and then to his grandson Tom Riddle. Ignotus was the youngest and possessed the Cloak of Invisibility. This Cloak was passed down through his family, and was eventually given to James Potter. Before James died, Albus Dumbledore had asked to see the Cloak, and still had possession of it until he passed it to Harry Potter on Christmas Day during Harry's first year at Hogwarts School of Witchcraft and Wizardry. "

So, unlike Snape, Albus Dumbledore was granted one of the Deathly Hallows... and if you read the book and the backstory about Gellert Grindelwald, Aberforth Dumbledore and Ariana Dumbledore... you would learn that Ariana interfered and was killed during the 3-way duel... filling Albus Dumbledore with guilt, fear and remorse that he might have killed his sister.

Thus, later when he found one of the Horcrux, Marvolo Gaunt's ring, with the Resurrection stone embedded in it.. he forgot that the ring was cursed by Voldemort and put it on... thus, as shown in the movie.. his hand was cursed and ultimately led to his demise... dying for a lost love.

Another interesting pointer is that during his initial duel with Voldemort, Harry Potter had already "possessed" all 3 Deathly Hallows (as stated at the end, by then, he already the "master" of the elder wand)... so... guess it fitting that in succeeding in uniting all three of the Hallows, Harry became the Master of Death and "escaped" it =3