QuestionJune 5, 2025

The type of policy which pays on the death of the last person is called A. shared life B. survivorship life C. joint life D. dual life

The type of policy which pays on the death of the last person is called A. shared life B. survivorship life C. joint life D. dual life
The type of policy which pays on the death of the last person is called
A. shared life
B. survivorship life
C. joint life
D. dual life

Solution
4.5(264 votes)

Answer

B. survivorship life Explanation 1. Identify the correct policy type A survivorship life insurance policy pays out upon the death of the last surviving insured individual.

Explanation

1. Identify the correct policy type<br /> A survivorship life insurance policy pays out upon the death of the last surviving insured individual.
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