What Does Joint and Last Survivor Policy Mean?

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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

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.

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