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Single Life, Joint Life & Dual Life Insurance?

Posted in Life Insurance Questions over 2 years ago, 1 reply


What’s the difference between Single Life, Joint Life & Dual Life Insurance?
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submitted by Witt in Marysville, US
The difference between these life insurance policies is in the number of people they insure, and how they pay out. A single life policy insures just one person. Joint life and dual life are similar in that they insure 2 people. However, the payouts are different. A joint policy pays out only on one person’s death – either the first to die, or the second to die. A dual policy on the other hand insures 2 people independently. It is just like having 2 separate policies, because it pays out on the death of both.

Denise at AccuQuote
Disclaimer: I work for AccuQuote and this is my personal opinion.
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submitted by Denise in Wheeling, US @ August 30, 2010 - 01:15 AM
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