Investor Glossary-joint and survivor annuityInvestor Glossary-joint and survivor annuityInvestor Glossary-joint and survivor annuityInvestor Glossary-joint and survivor annuityInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Joint And Survivor Annuity

The HTML to link to this page
 

A joint and survivor annuity is a type of insurance policy taken out on two or more people. Unlike many other annuities, a joint and survivor annuity makes payments to all surviving beneficiaries even if one of the original beneficiaries should die. Since a joint and survivor annuity makes payments to all beneficiaries until the last beneficiary dies, typically a joint and survivor annuity is taken out by a husband and wife. The purpose of a joint and survivor annuity is to guarantee that the longest-surviving spouse is financially taken care of until death. Premiums for a joint and survivor annuity are generally paid for a set number of years, with joint and survivor benefits paid after retirement. A joint and survivor annuity is also called a joint life annuity.



Rate this joint and survivor annuity definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: implied volatility, EBITDA, APR, liquidity ratio, labor relations, VIX, current ratio, 1031 exchange, balance sheet, ex-dividend, FTSE, risk management, Zero Cost Collar, retained earnings, dividends payable, stock market close, phantom income, diluted share, debt service coverage, required rate of return, 1035 exchange, command economy, inflation, 144a, real GDP, annual return, limit order, deferred tax, stock split, 401a, wholly-owned subsidiary, margin rate, class C shares, option premium, in escrow, open position, deferred revenue, Key Rate Duration, minority interest, per diem, ex-dividend date, covered put, reverse mortgage, cancelled check, average price per share, FICO score, quality assurance, LIBOR, irrevocable trust


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Investor Glossary | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2015 Investor Glossary - All rights reserved - Terms of Use