Accountancy, asked by surajsaw585, 6 months ago

what is joint life insurance policy? why is it created?

Answers

Answered by Anonymous

Answer:

A Joint Life Policy is the insurance cover that you get on a first - death basis. It is a pay out which an insurer receives in case of death of his other insured partner during the period. ... In Joint Life Insurance, both you and your partner will be the owner as well as the beneficiary.

Explanation:

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Answered by sushiljha807

Answer:

Lifeinsurance return covering two or more leaves with benefits payable when the first of the covered person dies this type of policy is most frequently used for key person insurance to allow a circuit surviving partner to purchase a decreased partner share of the business.

it is a policy in the insurance cover that you get on a first death basis .it is a payout which an insurer receive in the case of death of his other insured partner during periods.

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