Finance Quick Answers
What is a "joint death of husband or wife" life insurance rider?
A joint death of husband or wife rider specifies that the policy pays nothing if one spouse dies but pays the full face value amount if the husband and wife both die.
Brenda Procter, M.S., Consumer and Family Economics, College of Human Environmental Sciences, University of Missouri-Columbia
If you'd like to learn more about this and other personal finance topics, the University of Missouri offers 'Personal & Family Finance,' a correspondence course, through the Center for Distance and Independent Study (800-609-3727). Information about this course is available at http://cdis.missouri.edu/CourseInfo/DetailCourseInfo.asp?1985.
Last update: Monday, July 21, 2008