joint life annuity

joint life annuity
joint life annuity see annuity

Merriam-Webster’s Dictionary of Law. . 1996.

Look at other dictionaries:

  • joint life annuity — noun : an annuity payable only until the death of the first of two or more designated persons * * * Insurance. an annuity, the payments of which cease at the death of the first of two or more specified persons …   Useful english dictionary

  • joint life annuity — Insurance. an annuity, the payments of which cease at the death of the first of two or more specified persons. * * * …   Universalium

  • joint life annuity — An annuity that continues after the death of the first partner and ends after the death of the second partner …   Financial and business terms

  • joint-life annuity — / dʒɔɪnt laɪf əˌnjuəti/ noun an annuity which continues to pay an amount to a spouse after the main beneficiary dies …   Dictionary of banking and finance

  • life annuity — noun : an annuity payable during the lifetime of the annuitant called also single life annuity; compare annuity, joint life annuity, joint life and survivor annuity * * * Insurance. any annuity that is contingent upon the survival of the… …   Useful english dictionary

  • joint-life and last-survivor annuities — Annuities that involve two people (usually husband and wife). A joint life annuity begins payment on a specified date and continues until both persons have died. A last survivor annuity only begins payment on the death of one of the two people… …   Big dictionary of business and management

  • joint life and survivorship annuity — n: joint and survivor annuity at annuity Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Life annuity — The life annuity is a financial contract according to which a seller (issuer) typically a financial institution such as a life insurance company makes a series of payments in the future to the buyer (annuitant) in exchange for the immediate… …   Wikipedia

  • joint life and survivor annuity — noun : an annuity payable as long as any of two or more designated persons shall live …   Useful english dictionary

  • Joint Life With Last Survivor Annuity — An insurance product that, when annuitized, makes payments to the annuitant, the annuitant and his/her spouse, or the annuitant and another beneficial party until both the annuitant and his/her spouse have passed away. These annuities are not… …   Investment dictionary

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