What Does Joint and Last Survivor Policy Mean?
What does Joint and Last Survivor Policy mean? Read on to discover the definition & meaning of the term Joint and Last Survivor Policy - to help you better understand the language used in insurance policies.
Joint and Last Survivor Policy
A variation of the joint life policy that covers two lives but pays the benefit upon the death of the second insured.
We hope the you have a better understanding of the meaning of Joint and Last Survivor Policy.
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z