Question

Joint life policies are used when there is a need for two or more persons to be protected; however, the need for the insurance is no longer present after the first of the insureds dies.

a) True
b) False

Answer 1

Joint life policies are often used when there is a need for two or more individuals to be protected, and the insurance coverage is no longer needed once the first insured person dies.

Step-by-step explanation:

False

Joint life policies are often used when there is a need for two or more individuals to be protected, and the insurance coverage is no longer needed once the first insured person dies. This type of policy provides coverage for multiple people, but it terminates upon the death of the first insured person.