What kind of life insurance policy covers two or more people with the death benefit payable upon the last person's death?

What kind of life insurance policy covers two or more people with the death benefit payable upon the last person's death? 



a) Dual Life Insurance
b) Joint Life Insurance
c) Last Survivor Life Insurance
d) Shared Life Insurance


Answer: c) Last Survivor Life Insurance

Popular posts from this blog

Jim has been arrested for drunk driving. In order to be allowed out of jail before his court date, Jim will most likely need:

James is the insured on a life insurance policy where his age was misstated on the application. Which of the following is CORRECT regarding the death benefit amount?