Companies that Offer Joint Life Insurance Policies

Many of the experts we talked to mentioned that joint life insurance policies are increasingly difficult to find, especially as term life insurance premiums are dropping. However, there are a few major insurance companies that still offer this type of coverage.

State Farm

State Farm sells a survivorship universal life insurance policy, which provides a death benefit once both insured individuals pass away. You can get coverage between the ages of 18 and 90, or 18 to 78 if you live in California. Coverage starts at $250,000 and there are a handful of riders you can add to the policy for more protection, including an estate preservation rider, level term rider, and waiver of monthly deduction rider.


Another insurance company that sells joint life coverage is Nationwide, specifically, a survivorship indexed insurance policy. It’s available for couples between the ages of 40 and 70, with a minimum death benefit of $100,000. Like State Farm, Nationwide also offers a variety of riders that can be purchased for increased coverage, like a long-term care rider, estate protection rider, extended no lapse-guarantee rider, and policy split option rider.

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