Yet the problem isn't just adding 5 years of joint life expectancy in light of the client's family longevity. (kitces.com)
The participating whole life policy has an illustrated yield at joint life expectancy of 5.5 %. (aaii.com)
Because the premium for survivorship insurance is based on joint life expectancy, the cost is usually less (per thousand dollars of death benefit) than it would be for a policy covering either life alone — and significantly less expensive than buying two separate policies. (cfs4me.com)