joint life and survivor, or second to die, life insurance
Joint life and survivor, or second to die, life insurance refers to life insurance coverage for two or more individuals where the death benefit is payable when the last surviving insured dies.
joint life and survivor, or second to die, life insurance
Joint life and survivor, or second to die, life insurance refers to life insurance coverage for two or more individuals where the death benefit is payable when the last surviving insured dies.
Additional Information
Premiums on a joint life and survivor policy are much lower than individual life policies because the period of time before the final benefit payment is longer.
