Joint life insurance definition

Joint life insurance means credit life insurance issued to two debtors who are jointly and severally liable for the indebtedness.
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Examples of Joint life insurance in a sentence

  • Joint life insurance policies insure the lives of two or more people.

  • Joint life insurance is a condition that lasts as long as all members of a combination of several people can survive and will stop after one of its members first dies.

  • Adjust the torsion bar key up high enough so that the stock small metal adjusting block and bolt can be removed.

  • Type of insurance that covers at least two people is called Joint life insurance [1].

  • Joint life insurance is either a term or permanent policy insuring two or more lives with the proceeds payable on the first death or second death.

  • Having considered the existing system for performance evaluation the Mullarkey Group considered that there is adequate scope within the system to provide for an assessment of the performance of the Secretary General/Accounting Officer functions and that the Government is the appropriate authority in relation to any issue of disciplining Secretaries General.

Related to Joint life insurance

  • Life insurance means insurance coverage on human lives including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income and unless otherwise specifically excluded, includes individually issued annuities.

  • Life Insured means the person named in the Schedule, on whose life the Policy is effected;

  • Life Insurance Policy has the meaning given in Section 6.10.

  • Credit life insurance means insurance on the life of a debtor in connection with

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • policy of life insurance means any instrument by which the payment of money is assured on death (except death by accident only) or the happening of any contingency dependent on human life, or any instrument evidencing a contract which is subject to payment of premiums for a term dependent on human life;

  • Insurance Company The Transferee is an insurance company whose primary and predominant business activity is the writing of insurance or the reinsuring of risks underwritten by insurance companies and which is subject to supervision by the insurance commissioner or a similar official or agency of a state, U.S. territory or the District of Columbia.

  • Franchise insurance means an individual insurance policy provided through a

  • Long-term care insurance means group insurance that is authorized by the retirement system for retirants, retirement allowance beneficiaries, and health insurance dependents, as that term is defined in section 91, to cover the costs of services provided to retirants, retirement allowance beneficiaries, and health insurance dependents, from nursing homes, assisted living facilities, home health care providers, adult day care providers, and other similar service providers.

  • Insurance group means the persons that comprise an insurance holding company system.

  • Reinsurance means the activity consisting in accepting risks ceded by an insurance undertaking or by another reinsurance undertaking or, in the case of the association of underwriters known as Lloyd's, the activity consisting in accepting risks, ceded by any member of Lloyd's, by an insurance or reinsurance undertaking other than the association of underwriters known as Lloyd's;

  • Dental Insurance The District shall contribute $360.00 annually toward the cost of dental insurance whether for single or family coverage for full-status employees who qualify for and enroll in the plan. The cost of the premium not contributed by the District for family coverage shall be borne by the employee through payroll deduction.