Joint Life With Last Survivor Annuity
Joint Life With Last Survivor Annuity
What is 'Joint Life With Last Survivor Annuity'
An insurance product that, when annuitized, makes payments to the annuitant, the annuitant and his/her spouse, or the annuitant and another beneficial party until both the annuitant and his/her spouse have passed away. These annuities are not term certain, so they continue paying out to the annuitant, and whoever he or she designates to receive payments, until the death of the annuitant and the designated third party. The annuitant may also designate a beneficiary, who can, but doesn't have to be the same person as the designated third party.
Explaining 'Joint Life With Last Survivor Annuity'
These insurance products are an excellent way for an annuitant to provide for him/herself and his/her spouse until the annuitant's death and to provide for the spouse and the beneficiary following the annuitant's death. Annuitants may elect to have their spouse and beneficiary receive reduced payments after their death, so as to maximize the amount of money that will be transferred to the death benefit of the policy.
Joint Life With Last Survivor Annuity FAQ
How does a joint life annuity work?
Do annuities have survivor benefits?
Can annuities be jointly owned?
What is a joint survivor annuity?
What's the difference between a single life annuity and a joint and survivor annuity?
Further Reading
www.nber.org [PDF]
… Further projections reveal that the last survivor probability increases significantly to 64% (in 2025) and 71% (in 2045). 2 … That is, economists are fond of noting that the theory of life- cycle saving postulates that individuals save during their working lives so they can draw down …
papers.ssrn.com [PDF]
… Further projections reveal that the last survivor probability increases significantly to 64% (in 2025) and 71% (in 2045). 2 … That is, economists are fond of noting that the theory of life- cycle saving postulates that individuals save during their working lives so they can draw down …
patents.google.com [PDF]
… Further projections reveal that the last survivor probability increases significantly to 64% (in 2025) and 71% (in 2045). 2 … That is, economists are fond of noting that the theory of life- cycle saving postulates that individuals save during their working lives so they can draw down …
yadda.icm.edu.pl [PDF]
… Further projections reveal that the last survivor probability increases significantly to 64% (in 2025) and 71% (in 2045). 2 … That is, economists are fond of noting that the theory of life- cycle saving postulates that individuals save during their working lives so they can draw down …
www.jstor.org [PDF]
… Further projections reveal that the last survivor probability increases significantly to 64% (in 2025) and 71% (in 2045). 2 … That is, economists are fond of noting that the theory of life- cycle saving postulates that individuals save during their working lives so they can draw down …
www.tandfonline.com [PDF]
… Further projections reveal that the last survivor probability increases significantly to 64% (in 2025) and 71% (in 2045). 2 … That is, economists are fond of noting that the theory of life- cycle saving postulates that individuals save during their working lives so they can draw down …
papers.ssrn.com [PDF]
… Further projections reveal that the last survivor probability increases significantly to 64% (in 2025) and 71% (in 2045). 2 … That is, economists are fond of noting that the theory of life- cycle saving postulates that individuals save during their working lives so they can draw down …