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251 months ago

Roxan a Kohon (a guest user) asked this question:

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251 months ago

   wrote:

joint life insurance

My comment:

Here are some definitions, from the reference below. See what fits you best:

Joint Life Insurance.
Insurance written on two or more persons with benefits usually payable only at the first death. (LI)

Joint Life and Survivorship Annuity.
A contract which provides income to two or more people and continues in force as long as any one of them survives. (LI)

Joint Life Annuity.
This policy pays a benefit which continues throughout the joint lifetime of two people but terminates at the first death. (LI)

My references:

http://www.insweb.com/learningcenter/glossary/life-j.htm

Comments by other colleagues on this answer:

251 months ago

   wrote:

Algunos ejemplos y referencias adicionales: Phoenix Wealth Management: Types of Life Insurance... Joint Life Insurance is first-to-die coverage on two or more individuals. A joint life policy pays a death benefit at the first death of those who are covered. ... https://www.phoenixwm.phl.com/ public/products/life/basics.jsp Term Life Insurance, Permanent Life Insurance Quotes... quote; Joint Survivorship Life Insurance. Joint life insurance and joint survivorship life policies are used for estate planning. ... www.benefithouse.com/insurance/life/default.html

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