First death insurance


 

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First death insurance

A joint-life insurance policy which pays money to a surviving partner on the first partner's death.



Similar Matches

Participating life insurance

Participating life insurance

Life insurance which pays bonuses to policyholders based on the company's investment performance. The policyholder can sometimes choose whether to take the dividend in the form of cash, reinvest in the policy or pay a reduced premium.


Insurance principle

Insurance principle

The law of averages. The average outcome for many independent trials of an experiment will approach the expected value of the experiment.


Convertible term insurance

Convertible term insurance

Term life insurance which can be converted into cash value insurance. In the UK the equivalent (convertible term assurance) is conversion of term assurance into endowment assurance.


Liability insurance

Liability insurance

Insurance guarding against damage or loss that the policyholder, may cause another person in the form of bodily injury or property damage.


Social Security Disability Income Insurance

Social Security Disability Income Insurance

Program financed by the Social Security tax to provide assistance to disabled individuals with disabilities expected to last at least one year, to compensate for lost income.


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