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Joint and Survivor Option

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Joint and Survivor Option
In life insurance, the ability of a potential policyholder to choose a joint and survivor annuity among other options.


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For example, a joint and survivor option of 50 percent might require a 10-percent reduction in the employee's benefit at the time of retirement.
This strategy not only eliminates the need to choose between options but also may provide more total income than would have been received if the client had chosen the joint and survivor option.
 
 
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