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Glossary > J > "Joint life assurance" Definition

Joint life assurance

An assurance policy usually taken out on two lives, typically husband and wife. Under this type of policy, the sum assured is payable at the event of the first death.

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Joint life assurance - An assurance policy usually taken out on two lives, typically husband and wife. Under this type of policy, the sum assured is payable at the event of the first death.

Joint life assurance : an assurance policy usually taken out on two lives, typically husband and wife. under this type of policy, the sum assured is payable at the event of the first death.