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Important disadvantages of Joint Life include all of the following EXCEPT: all coverage ceases with the first death. cost is greater than single life with
Important disadvantages of Joint Life include all of the following
EXCEPT:
all coverage ceases with the first death.
cost is greater than single life with the same face value.
in business markets, joint life may eliminate the need for redundant
coverage when the neer is to insure the first death among several lives.
ownership issues and tax traps.
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