There are Joint and Survivor Annuities that cover two or more lives and continue in force as long as any of them survive.
There are Joint Life Insurance policies that cover two or more lives, which end when the first of the insured persons die.
There are Survivor Life Insurance policies that typically cover two lives, which end when the last of the insured persons dies (thus the name, Second to Die).
Finally, there are Joint and Last Survivor policies that are a variation of Joint Life Insurance, which pay when the second persons die.
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There are Joint Life Insurance policies that cover two or more lives, which end when the first of the insured persons die.
There are Survivor Life Insurance policies that typically cover two lives, which end when the last of the insured persons dies (thus the name, Second to Die).
Finally, there are Joint and Last Survivor policies that are a variation of Joint Life Insurance, which pay when the second persons die.