What Is Joint Life Insurance? 
Joint life insurance refers to a life insurance policy that has a primary insured and a secondary insured , usually a spouse , on the same policy . There is usually a bigger down side to these policies than an upside . These type of life insurance policies are usually term policies and when the primary or the secondary dies the remaining spouse will lose their coverage . The spouse will be underwritten along with the primary , so there is not a huge advantage to these policies . I recommend purchasing separate term life policies to protect your insurability . These policies are also called First to Die life insurance policies . 