joint life insurance

noun

Definition of joint life insurance

: a policy providing for payment of the proceeds upon the first occurrence of death among the persons insured

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Learn More About joint life insurance

Dictionary Entries Near joint life insurance

joint life and survivor annuity

joint life insurance

jointly and severally

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Cite this Entry

“Joint life insurance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/joint%20life%20insurance. Accessed 3 Jul. 2022.

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