What Does Qualified Joint and Survivor Annuity Mean?
What does Qualified Joint and Survivor Annuity mean? Read on to discover the definition & meaning of the term Qualified Joint and Survivor Annuity - to help you better understand the language used in insurance policies.
Qualified Joint and Survivor Annuity
A qualified joint and survivor annuity (QJSA) is a portion of a qualified retirement plan that pays a regular income to the annuitant or to the survivor of the deceased annuitant (often a spouse or a child).
We hope the you have a better understanding of the meaning of Qualified Joint and Survivor Annuity.
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