What Does Joint and Survivorship Annuity Mean?
What does Joint and Survivorship Annuity mean? Read on to discover the definition & meaning of the term Joint and Survivorship Annuity - to help you better understand the language used in insurance policies.
Joint and Survivorship Annuity
An annuity issued to two or more persons under which annuity payments continue as long as either annuitant lives.
We hope the you have a better understanding of the meaning of Joint and Survivorship Annuity.
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