Joint life
insurance is life insurance coverage of two or more persons with the
death benefit payable upon the first death. Premiums are
significantly higher for joint life insurance policies than for
individual life insurance policies, this is because the probability
of having to pay a death claim is higher, increasing the chances for
an early payout of the benefits. If one or both the
lives survive to the maturity date, the sum assured as well as the
vested bonuses are payable on the maturity date. Joint life
insurance is attractive for married coupled and business partners.
If you are interested in joint life insurance, see also
joint term life insurance.
Life Insurance Calculator
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