What is a Joint Life Insurance Policy?

 What is a Joint Life Insurance Policy?

Joint life insurance is provided by a wide variety of life insurance providers, including:

Life Fidelity. 

A joint permanent life insurance policy or, under rare circumstances, a joint term life insurance policy can be purchased.

Protector Life. 

only provides life insurance that is second-to-die. This coverage is provided through Guardian's EstateGuard whole life insurance product.

Manhattan Life. 

Offers an optional rider that pays out after the death of the first policyholder, but only sells second-to-die or survivorship life insurance.
City Farm. sells universal life insurance with shared coverage that accrues tax-deferred cash value.

If you're considering obtaining joint life insurance, consult a financial expert. This kind of life insurance ought to be incorporated into a comprehensive financial plan.

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