What Does Joint Life and Survivorship Annuity Mean?

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

Joint Life and Survivorship Annuity

Joint Life and Survivorship Annuity

Annuity that pays the same amount throughout the lifetime of two people (usually husband and wife) until the death of the survivor. See also joint life annuity and joint life and survivor annuity.

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

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