What Is Joint And Survivor Life Insurance? 
There are Joint and Survivor Annuities that cover two or more lives and continue in force as long as any of them survive . There are Joint Life Insurance policies that cover two or more lives , which end when the first of the insured persons die . There are Survivor Life Insurance policies that typically cover two lives , which end when the last of the insured persons dies -LRB- thus the name , Second to Die -RRB- . Finally , there are Joint and Last Survivor policies that are a variation of Joint Life Insurance , which pay when the second persons die . 