Joint Life And Survivor Insurance

Definition of "Joint life and survivor insurance"

Giovanna Schmieder real estate agent
Giovanna Schmieder, Real Estate Agent KELLER WILLIAMS REALTY INFINITY

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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