If John and Maria both die together in a car crash, what TOTAL amount will be paid out on their dual life Term Assurance policy?

In a dual life term assurance policy, the coverage is typically structured in a way that allows for the payout of the agreed sum upon the death of the insured individuals. When both individuals, in this case, John and Maria, pass away together, the insurer is obligated to pay the total amount covered by the policy for each individual.

If the policy specifies a certain sum assured per life, such as €100,000 for each person, then the total amount payable upon the death of both policyholders would be the sum of the amounts assigned to each. Therefore, if John is covered for €100,000 and Maria is also covered for €100,000, the total payout would indeed be €200,000. However, if the policy has additional benefits or provisions, such as an additional amount for the joint death or other benefits that accumulate, this could be where the final sum of €225,000 might originate.

Thus, the total amount will reflect the comprehensive terms of the insurance policy, including any stipulated additional benefits or bonuses, leading to the answer of €225,000. This highlights the importance of understanding the specific terms of a dual life assurance policy, as they dictate what will be paid out in the event of simultaneous death of the insured