- joint life annuity
- Finan annuity that continues until both parties have died. They are attractive to married couples as they ensure that the survivor has an income for the rest of his or her life.
The ultimate business dictionary. 2015.
joint life annuity
Look at other dictionaries:
joint life annuity — see annuity Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
joint life annuity — noun : an annuity payable only until the death of the first of two or more designated persons * * * Insurance. an annuity, the payments of which cease at the death of the first of two or more specified persons … Useful english dictionary
joint life annuity — Insurance. an annuity, the payments of which cease at the death of the first of two or more specified persons. * * * … Universalium
joint life annuity — An annuity that continues after the death of the first partner and ends after the death of the second partner … Financial and business terms
joint-life annuity — / dʒɔɪnt laɪf əˌnjuəti/ noun an annuity which continues to pay an amount to a spouse after the main beneficiary dies … Dictionary of banking and finance
life annuity — noun : an annuity payable during the lifetime of the annuitant called also single life annuity; compare annuity, joint life annuity, joint life and survivor annuity * * * Insurance. any annuity that is contingent upon the survival of the… … Useful english dictionary
joint-life and last-survivor annuities — Annuities that involve two people (usually husband and wife). A joint life annuity begins payment on a specified date and continues until both persons have died. A last survivor annuity only begins payment on the death of one of the two people… … Big dictionary of business and management
joint life and survivorship annuity — n: joint and survivor annuity at annuity Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
single-life annuity — /ˌsɪŋg(ə)l laɪf ə nju:ɪti/ noun an annuity which is paid only to one beneficiary, and stops when he or she dies (as opposed to a ‘joint life annuity’) … Dictionary of banking and finance
Life annuity — The life annuity is a financial contract according to which a seller (issuer) typically a financial institution such as a life insurance company makes a series of payments in the future to the buyer (annuitant) in exchange for the immediate… … Wikipedia
joint life and survivor annuity — noun : an annuity payable as long as any of two or more designated persons shall live … Useful english dictionary
