What Does Joint Annuity Mean?

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

Joint Annuity

Joint Annuity

A joint annuity is an annuity purchased by two people (often a married couple), who then receive payments from it until one of them dies.

We hope the you have a better understanding of the meaning of Joint Annuity.

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