Question 1024 of 287 · Texas Life, Accident and Health Agent Exam
A joint life (first to die) policy pays the death benefit
Exactly one answer is correct.
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Correct answer to question 1024
- C: upon the first death of the insured persons
Explanation
First-to-die coverage insures two or more lives under one policy and pays when the first insured dies. It is often used for business partners or in family cases where the survivor needs funds.
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