   
|
|
|
|
|
|
| |
A joint life annuity is an insurance policy or contract that pays a predetermined periodic benefit throughout the joint lifetime of two individuals. Typically, a joint life annuity is relevant to married couples, with the joint life annuity terminating upon the first death. Retirees often purchase joint life annuity policies to help them better budget their money and savings after retirement. Often annuitants pay into a joint life annuity on a periodic basis while still employed. Annuitants can also buy joint life annuity products as one large purchase. Due to the inherent tax benefits associated with joint life annuity policies, many high-net-worth individuals and wealthy investors use these products to transfer large sums of money or will use joint life annuity products to mitigate taxation on their income. Because of the complex nature of joint life annuity products, people are advised to consult a reputable insurance or legal professional before purchasing any joint life annuity policies.
Rate this joint life annuity definition...
|
|
|
|
 |
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: in escrow, stock split, deferred revenue, implied volatility, cancelled check, FICO score, wholly-owned subsidiary, required rate of return, phantom income, 401a, risk management, average price per share, annual return, margin rate, 144a, ex-dividend, 1031 exchange, ex-dividend date, class C shares, covered put, liquidity ratio, retained earnings, debt service coverage, VIX, current ratio, open position, diluted share, option premium, balance sheet, limit order, deferred tax, inflation, reverse mortgage, 1035 exchange, FTSE, LIBOR, per diem, dividends payable, stock market close, irrevocable trust, Key Rate Duration, APR, real GDP, EBITDA, minority interest, labor relations, Zero Cost Collar, quality assurance, command economy
|
|
| |
