Sentences with phrase «joint insurance policy»
However, in the case of joint insurance policies, the terms and conditions for both spouses are the same.
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The initial cost and premiums paid for joint insurance policies tend to be cheaper than the premiums for two separate individual policies.
In such a case, the joint insurance policy would pay a death benefit after the last insured dies.
When it came to car insurance, married couples would get a joint insurance policy for the vehicles they owned.
Another attractive feature of a joint insurance policy is the waiver of premium.
In such a case, the joint insurance policy would pay a death benefit after the last insured dies.
If you are opting for a joint term insurance plans, make sure that the policy allows you to split the joint insurance policy in future (if required in case of divorce or separation).
However, unmarried couples renting from the same residence often face the dilemma over whether they should take out a joint insurance policy together or not.
They have introduced the joint insurance policy in which an individual and his / her spouse are covered under a single policy.
A married couple is treated as a unit in terms of joint tax returns, and joint insurance policies.