Glossary entry

English term or phrase:

joint life second death policy

Dutch translation:

Verzekering op twee levens met dubbele uitkering

Added to glossary by Bas de Graaf
Apr 13, 2014 14:22
10 yrs ago
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English term

joint life second death policy

English to Dutch Law/Patents Insurance
In een vragenformulier over een levensverzekering (VS) wordt de volgende polissoort genoemd:
joint life second death policy.
Ik heb een idee wat dit is, maar ik kan er geen correcte Nederlandse vertaling/omschrijving van maken.
Ik ben er - door gebrek aan informatie (zelfs na lang zoeken) ook niet zeker van of deze vorm van levensverzekering in Nederland wel bestaat.
Alvast enorm bedankt voor je hulp!
Change log

Dec 6, 2014 18:44: Bas de Graaf Created KOG entry

Proposed translations

91 days
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Verzekering op twee levens met dubbele uitkering

In the Netherlands, a life insurance policy can cover two lives. It will pay out when the first death occurs, and then it will cease.
If you want to be sure that there will be payment in both cases, you will have two take out two separate policies. This would be to ensure sufficient money for the children in the event both parents would die.

Apparently, in the USA there are products which will insure two lives with payment at consecutive deaths. I guess it will be for a determined period, and not 'for as long as you live' since both lives will end eventually.
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