answersLogoWhite

0

This is usually not a good choice. Joint life insures 2 or more lives, but pays typically on the first death, leaving the Survivor uninsured.

User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

What is joint credit life insurance?

Joint credit life insurance is money paid to you or your spouse if either of your are ever arrested on drug charges.


Are life insurance benefits subject to confiscation by medicare?

Can Medicaid sieze the benefits of a life insurance policy


What are some good rates on joint term life insurance?

Joint term life insurance rates vary according to the person's age, their health, and the company offering the life insurance. It is impossible to know what rates are available for joint term life insurance without knowing personal information. A person may compare rates at the Globe Life Insurance or Bank Rate websites.


What are the benefits of survivorship whole life insurance for couples?

Survivorship whole life insurance for couples provides a joint policy that pays out a death benefit after both partners pass away. This type of policy can offer lower premiums compared to individual policies, estate planning benefits, and tax advantages.


How good is joint life insurance, and how much is it?

Joint life insurance basically insures two people with one policy. Joint life insurance policies exercise more leniency, making it easier to get life insurance. Premiums are also usually lower than if you were to buy two separate policies.


Is life insurance a scam?

Life insurance is not a scam. There are benefits and drawbacks to having life insurance, it simple depends on the person's needs.


What are the benefits of universal life insurance and what are the possible drawbacks of this type of policy?

What are the benefits of universal life insurance, and what are the possible drawbacks of this type of policy


What are the group insurance benefits offered by this company?

This company offers group insurance benefits such as health insurance, dental insurance, vision insurance, life insurance, and disability insurance to its employees.


Which life insurance will provide death benefits that can change?

whole insurance


How do you find out about cashing in life insurance bond for cash?

answers to my related benefits on my term life insurance


What are the benefits for a neonatologist?

Employee benefits for neonatologists include, but are not limited to, medical practice insurance, disabilityinsurance, and life insurance.


What are the voluntary insurance benefits offered by this company?

This company offers voluntary insurance benefits such as life insurance, disability insurance, and supplemental health insurance that employees can choose to enroll in.