A coinsurance clause provides that two or more people will be covered by the same life insurance policy.

Name: A coinsurance clause provides that two or more people will be covered by the same life insurance policy.
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A coinsurance clause actually refers to a provision in a health insurance policy where the insured and the insurance company share the cost of covered medical expenses after the deductible has been met. It is not related to life insurance.

A Coinsurance Clause Provides That Two or More People Will