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life insurance
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What is the benifit of taking out joint term life assurance over single person life assurance. ie why is there a choice, what beneifits are there for married couples taking out joint as apposed to single life assurances.
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For more on marking an answer as the "Best Answer", please visit our FAQ.Thank you loosehead. I understand that. But surely that means the surviving party (lets say spouse) would have to take out another insurance after the death of other spouse to make sure any children are provided for in the event of death. Obviously if the children were over 18 that would not be applicable. They would have somewhere to live but no means to maintain it.