Question

A survivorship life insurance plan is a specialty type of contract. This type of policy is generally purchased in order to cover how many individuals?

A. 3
B. 7
C. 5
D. 2

Answer 1

Survivorship life insurance is designed to cover two individuals and pays out after the second person passes away.

Step-by-step explanation:

A survivorship life insurance plan is a specialty type of contract designed to cover two individuals. This policy pays out the benefit upon the death of the second insured person, typically a married couple or business partners. Answer to the student's question: The correct answer is D. 2.