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


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Home | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use