bs-preloader__icon
ru kz en

Joint life insurance is in demand in the US

In the wake of the coronavirus pandemic, American families and small- and medium-sized business owners are increasingly purchasing joint life insurance. The Money publication spoke in detail about the benefits of such insurance policies.
Joint life insurance is in demand in the US

Joint life insurance (joint insurance in contemplation of death) is a form of insurance that provides protection to more than one person at a time and pays a benefit if one of the insured persons passes away. This policy may include spouses, business partners, or other joint asset owners.

Key features of joint life insurance:

Joint life insurance is often used to provide financial security for family or business partners. In the event of death of one of the insured persons, the insurance benefit can be used to pay off business or family debts, meet funeral expenses or provide financial support to beneficiaries.

The insured persons are usually jointly responsible for paying the premiums, and the policy pays out if any of them passes.

Joint life insurance can be more cost-effective than separate policies, especially if both policyholders have financial support needs.

When getting this type of insurance, it is important to carefully assess your needs and contact a professional to choose the most suitable policy.

Source: https://money.com/what-is-joint-life-insurance/

Photos are from open sources.

Share
read also
How does shift work affect memory and brain function?
How does shift work affect memory and brain function?

Shift work is associated with poorer working memory (a type of memory that allows a p...

How to choose an insurance company in the domestic market
How to choose an insurance company in the domestic market

Insurance is, first of all, protection of your financial interests upon the occurrenc...

Voluntary health insurance: your employees will feel your care
Voluntary health insurance: your employees will feel your care

Voluntary health insurance (VHI) of personnel today is an important part of the socia...

The most interesting materials of the site you have in the mail! Subscribe to the newsletter.

ASK A QUESTION TO THE EXPERT
ASK A QUESTION TO THE EXPERT
Submit your application