joint life annuity Definition

joint life annuity

Definition

An annuity issued on two individuals under which payments continue in whole or in part until both individuals die. also called joint and survivor annuity.

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joint life annuity is ...
... part of the Retirement subject.

Related Terms

life annuity -

single-life annuity -

joint life annuity appears in the definitions of these other terms on BusinessDictionary.com

joint life and survivorship annuity