Joint Life Cover

For many people, the purpose of life insurance is to provide for loved ones and family members after their own deaths. Joint life insurance is one way of fulfilling this goal.

Joint life cover is similar in most respects to other forms of life insurance cover. The key difference is that in joint life cover, two individuals take out cover together. This is usually done by a couple. When the first partner dies, the surviving partner receives a lump sum and the policy ends. For many families, joint life cover is a simple way of insuring that the untimely death of one earner doesn’t mean that the family risks losing its home or going heavily into debt. Read more…