Question #$5$ of $25$

Gavin and Guinevere have a joint life policy. Gavin dies and the policy pays nothing. Later on$,$ Guinevere dies and the policy death benefit is paid to the beneficiary. This is called

A$)$ a survivorship or second$-$to$-$die policy

B$)$ a convertible term policy

C$)$ a limited pay life policy

D$)$ a variable life policy