Not exact matches
While you can get coverage for this scenario through an additional insured rider, you may need a
joint life insurance
policy if the maximum death benefit for a rider isn't large enough.
While a first to die
joint life policy pays out upon the death of the first covered person, a second to die
life insurance
policy will not pay out benefits until both of the insureds have passed on.
With a
joint life insurance
policy, you'll pay a single premium
while getting coverage for two people.
While some insurers offer term or whole
joint life insurance
policies, most
joint policies are for universal
life insurance.