joint life
"Joint life" typically involves financial arrangements or insurance policies that cover two individuals, providing benefits upon the death of one or both.
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Definition
B2Insurance
(technical)A life insurance policy that covers two individuals, paying out either upon the first death or after both have passed away.
Example
- They decided to purchase a joint life insurance policy to ensure financial security for their children.
B2Finance
(technical)A financial arrangement providing income for two individuals, continuing until the last surviving person passes away.
Example
- Their retirement plan included a joint life annuity to ensure continued income for the surviving spouse.
Similar
Terms that have similar or relatively close meanings to "joint life":
case the jointjoint pinejoint spacejoint householdneck jointjoint venture