Joint and survivor annuity

Joint and Survivor Annuity
Investment Dictionary:
Joint and Survivor Annuity
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Joint and survivor annuity
Definition:
A Type of Annuity opened by and intended for two people, that makes payments for the entire lifetime of both beneficiaries, even if one of them dies. ...

Joint and Survivor Annuity
A type of annuity that makes payments for the lifetime of two or more beneficiaries.
Joint Bond ...

qualified joint and survivor annuity An annuity that pays at one level for the duration of the lifetime of the participant... qualified lead A prospective customer who demonstrates interest and meets customer criteria.This...

often associated with insurance companies and retirement programs, the payment of interest to a bondholder is also an example of an annuity. See also annuity certain, contingent annuity, deferred annuity, fixed annuity, joint and survivor annuity, ...

See also: Annuity, Stock, Right, Interest, Issue