It is up to you, however it may be better to buy separate policies.
This is because with a joint policy, the policy will automatically terminate when
a claim is made. The survivor is then left with no insurance cover and at an older
age when it is more expensive to obtain insurance, and potentially even impossible
to get insurance due to deteriorating health.
You can buy a 'Joint Life Second Death Policy' where the policy only pays out when
the second person on the policy dies, however that means that the survivor will not
benefit from a life insurance payout.
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