1,036,535,072 visitors served.
1,036,535,072 visitors served. |
|
 Dictionary/ thesaurus |  Medical dictionary |  Legal dictionary |  Financial dictionary |  Acronyms |  Idioms |  Encyclopedia |  Wikipedia encyclopedia | ? |
joint and survivor annuity |
0.01 sec. |
|
Joint and Survivor Annuity A type of annuity that makes payments for the lifetime of two or more beneficiaries. Notes: Also referred to as a joint life annuity, these are often purchased by a husband and wife. Joint and survivor annuity A type of annuity opened by and intended for two people, that makes payments for the entire lifetime of both beneficiaries, even if one of them dies.
|
|
? Mentioned in | ? References in periodicals archive | |
|---|---|---|
Typically, a spouse is the beneficiary; in such case, a joint and survivor annuity provides fixed payments as long as either spouse is alive. To ensure that Kathryn would be covered no matter what, the Cheathams, of Windsor Hills, set up a joint and survivor annuity for withdrawal on his 401(k). Permanent income includes covered earnings, Social Security retirement benefits, income from defined benefit pension plans after age 62, and the annual payments from an actuarially fair joint and survivor annuity from wealth (excluding defined benefit pension and Social Security wealth) at age 62. |
 |
| Free Tools: |
For surfers:
Browser extension |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup | Partner with us |
|
|---|
Disclaimer |
Privacy policy |
Feedback | Copyright © 2008 Farlex, Inc.
Printer friendly
Cite / link
Email
Feedback
Add definition
joint and survivor annuity