What is the Definition of Joint And Survivor Annuity?
An annuity with two annuitants, usually spouses. Payments continue until the death of the longest living of the two.
Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/
Label: Insurance
Theme: Dictionary of Insurance Terms
Other Questions: What is the definition of Annuity?
What is the Definition of Joint And Survivor Annuity?
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Meaning of Fidelity Bond in Insurance Terms
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