Question

Survivorship (aka 'Last to die') policy.

A) Provides coverage for one person
B) Pays out upon the death of the last surviving insured
C) Has a decreasing death benefit
D) All of the above

Answer 1

A survivorship policy provides coverage for two insured individuals and pays out upon the death of the last surviving insured.

Step-by-step explanation:

A survivorship policy, also known as a 'Last to die' policy, provides coverage for two insured individuals and pays out upon the death of the last surviving insured. The death benefit of a survivorship policy typically decreases over time. Therefore, the correct answer is D) All of the above.