Joint life option is like a combo offer - you pay a special price to enjoy dual benefits! Joint life policies are generally taken by married couples, ensuring the financial stability of the home in the event that one of the policyholders passes away.
The premium for joint life policy works just like an individual policy, with payments at regular intervals. If one of the members passes away within the policy's term, the other can file a claim to get the coverage amount, and also continues to receive the benefits of the policy.
Joint life option
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