Investor Glossary-joint life annuityInvestor Glossary-joint life annuityInvestor Glossary-joint life annuityInvestor Glossary-joint life 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 Life Annuity

The HTML to link to this page
 

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...

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


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
©2004-2016 Investor Glossary - All rights reserved - Terms of Use