What is the difference between a survivorship policy and a joint life policy?

What is the difference between a survivorship policy and a joint life policy?

The strategy in a survivorship life insurance policy is to leave behind money to the heirs of the couple, as opposed to in a joint life “”first to die”” life insurance policy that instead leaves the death benefit to a spouse.

See also  At what stage of life will the cost of your healthcare needs be most expensive?