An individual purchased a $100,000 Joint Life policy on himself and his wife. Eight years later, he died in an automobile accide

Question

aleksley [76]

3 years ago

7

An individual purchased a $100,000 Joint Life policy on himself and his wife. Eight years later, he died in an automobile accide

nt. How much will his wife receive from the policy

Business

1 answer:

k0ka [10] · Answer 1 · 2022-02-25T23:54:59+03:00

Answer:

$100,000

Explanation:

In the case of joint life policy, the other person who is covered in the policy has the right to claim the amount after death of one person

In the given case, the husband has died after 8 years of purchasing the joint-life policy due to an automobile accident. So, the wife has the right to claim for the policy amount i.e $100,000. This claim is valid for the only first death