Does Joint Life Insurance Work? 
Generally , when people ask about joint life insurance they are asking about joint second-to-die aka survivorship life insurance . These policies insure two lives and became popular with the advent of the unlimited martial deduction for estate planning in the early 1980s . For a lower premium survivorship policies pay nothing at the first death . The policy death benefit pays at the death of the second insured to die . While readily available at one time , joint first-to-die life insurance policies are no longer available from A rated carriers that distribute through life insurance brokers . 