Joint Life And Survivor Insurance


Definition of "Joint life and survivor insurance"

Renee  Barrett-Gonzales real estate agent
Renee Barrett-Gonzales, Real Estate Agent Vylla Home

Coverage for two or more persons with the death benefit payable at the death of the last of those insured. Premiums are significantly lower under joint life and survivor insurance than for policies that insure only one person, since the probability of having to pay a death claim is lower.

 

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