Who can be covered with Whole of Life Insurance?
Only one person is covered under the policy. When the person insured passes away, The cover amount selected will be paid to the policy holders estate.
Both people are covered equally under this policy and is a popular choice as it pays out on the first death and second death.
Two people are covered under the one policy. But only pays out on one death. For example "Joint Life, First death" will pay out when the first person dies, and nothing when the second person dies.