Which of the following statements about second-to-die life insurance is (are)true?
I.The insurance is a form of endowment coverage.
II.The premium is lower than the combined cost of purchasing a life insurance policy on each insured.

Question

Quizplus · Accepted Answer

Second-to-die life insurance is not a form of endowment coverage, so statement I is false. However, statement II is true, as the premium for second-to-die life insurance is typically lower than the combined cost of purchasing separate policies for each insured.

Which of the Following Statements About Second-To-Die Life Insurance Is