Question

All other factors being equal, what would the premium be like in a survivorship life policy as compared to the premium in a joint life policy

Answer 1

Answer:

All other factors being equal, the premium in a survivorship life policy as compared to the premium in a joint life policy should be higher

Explanation:

All other factors being equal, the premium in a survivorship life policy as compared to the premium in a joint life policy should be higher because it effectively contains the premium of two people which would be paid out upon the demise of both parties to their heirs. Unlike in the case of first-to-die joint life policy that pays to the surviving partner upon the death of the first.