Combination Life Insurance Plans: Joint & Survivorship

Instructions:

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question 1 of 3

Which of the following types of insurance policies pays a death benefit when each individual dies?

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1. Which type of insurance policy pays only one amount upon the death of the first of the two insured individuals?

2. Which of the following is NOT a characteristic of a joint insurance policy?

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About This Quiz & Worksheet

Use the worksheet and quiz to check your knowledge of combination life insurance plans and how they work. You need to know about different insurance policies to do well on the quiz.

Quiz & Worksheet Goals

These tools aid in checking your knowledge of:

  • Characteristics of a joint insurance policy
  • Who survivorship or second-to-die insurance is ideal for
  • Type of insurance policy that pays a death benefit when each person dies
  • Insurance policy that pays only one amount upon the death of the first of the two insured individuals

Skills Practiced

  • Information recall - access the knowledge you have gained about characteristics of a survivorship or second-to-die insurance policy
  • Knowledge application - use your knowledge to answer questions about different insurance policies
  • Reading comprehension - ensure that you draw the most important information from the lesson on combination life insurance plans

Additional Learning

Get more comfortable with these insurance topics using the lesson called Combination Life Insurance Plans: Joint & Survivorship. Use this lesson to:

  • Examine the purpose of a joint insurance policy
  • Compare and contrast the different types of insurance policies
  • Identify benefits of a survivorship policy
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