joint life and survivorship annuity |
|
Definition
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.
email to a friend
print this definition
cite this definition
link to this page
joint life and survivorship annuity is in the General, Marine, & Life Insurance and Investing subjects.
joint life and survivorship annuity appears in the definition of the following term: joint and survivor annuity
This content can be found on the following page:
http://www.businessdictionary.com/definition/joint-life-and-survivorship-annuity.html