What Does Joint and Survivor Option Mean?

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What does Joint and Survivor Option mean? Read on to discover the definition & meaning of the term Joint and Survivor Option - to help you better understand the language used in insurance policies.

Joint and Survivor Option

Joint and Survivor Option

A joint and survivor option is a type of annuity that covers two or more people. It pays an annuity until the death of the last surviving annuitant.

We hope the you have a better understanding of the meaning of Joint and Survivor Option.

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