This policy pays a benefit which continues throughout the joint lifetime of two people, but terminates at the first death.
This policy pays a benefit which continues throughout the joint lifetime of two people, but terminates at the first death.
A form of Life Insurance that is usually a combination of Whole Life and twice as much Term Insurance. The Term portion applies until a stated date. Such a policy might be used to provide maximum protection to an individual at an earlier age when the need for insurance is greater but the ability to pay is less.