An annuity which is payable to the named annuitants during the period of their joint lives, which will continue to the survivor when the first annuitant dies.

Insurance written on two or more persons, with benefits usually payable only at the first death.

A contract which provides income to two or more people, and continues in force as long as any one of them survives.

This policy pays a benefit which continues throughout the joint lifetime of two people, but terminates at the first death.

See Joint Insurance.

A popular name for a Life Insurance contract written on the life of a child, usually in units of $1,000. When the child reaches a prescribed age, generally 21, the face of the policy is increased automatically without the imposition of either an additional premium charge or a medical examination. Hence the term “jumping” juvenile.

Life insurance written on a child.