Joint Term Life Insurance is life insurance that covers two people and will pay out upon the death of either person. When one of the insured parties passes, the death benefit is paid, and the policy ends.
This is in contrast to Survivor or Second to Die Life Insurance, in which the death benefit does not pay out unless both parties pass.
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This is in contrast to Survivor or Second to Die Life Insurance, in which the death benefit does not pay out unless both parties pass.