Who Ought to Purchase Joint Life Insurance?

In order to financially secure their families and their estates, parents and couples may get joint life insurance. Here are a few instances:

A excellent option for a couple to provide money for things like a legacy or money for the kids to pay estate taxes is through second-to-die life insurance.
A trust that will provide financial support for a special needs child after the parents' passing can be funded via second-to-die life insurance.
Joint life insurance can be purchased by business partners to safeguard their professional assets in the event that one partner dies before the other.