Joint and Survivor Annuity

What Does Joint and Survivor Annuity Mean?
A type of annuity that makes payments for the lifetime of two or more beneficiaries.

Investopedia explains Joint and Survivor Annuity
Also referred to as a "joint life annuity", these are often purchased by a husband and wife.

Filed Under: Bonds, Fixed Income, Personal Finance

Related Terms

Annuity
Joint
Joint Account
Joint Owned Property
Joint Return
Jointly and Severally
More Related Terms

Related Links

Anything But Ordinary: Calculating The Present And Future Value Of Annuities - Learn to calculate the present and future value of fixed payments required from you or owed to you.
Getting the Whole Story on Variable Annuities - Variable annuities are another way to save money tax-deferred - but don't jump in blindly!
Passing the Buck: The Hidden Costs of Annuities - These may look like good retirement vehicles, but beware of fees buried in the fine print.
The Tax Benefits Of Having A Spouse - Check out the perks designed to promote and preserve your post-work savings - if you're married, that is.

Rate this Term: Your Rating: Overall Rating: Vote Now!