- joint and last survivor annuity
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an annuity payable until the death of the last of two or more designated persons, though sometimes with reduced amounts after the first such person dies.
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Universalium. 2010.
joint and last survivor annuity
Look at other dictionaries:
joint–and–last–survivor annuity — n: joint and survivor annuity at annuity Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
joint and last survivor annuity — Insurance. an annuity payable until the death of the last of two or more designated persons, though sometimes with reduced amounts after the first such person dies … Useful english dictionary
joint-life and last-survivor annuities — Annuities that involve two people (usually husband and wife). A joint life annuity begins payment on a specified date and continues until both persons have died. A last survivor annuity only begins payment on the death of one of the two people… … Big dictionary of business and management
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… … Investment dictionary
annuity — an·nu·ity /ə nü ə tē, nyü / n pl ities [Medieval Latin annuitas, from Latin annuus yearly] 1: an amount payable at regular intervals (as yearly or quarterly) for a certain or uncertain period 2: the grant of or the right to receive an annuity his … Law dictionary
contingent annuity — reversionary annuity An annuity in which the payment is conditional on a specified event happening. The most common form is an annuity purchased jointly by a husband and wife that begins payment after the death of one of the parties (see joint… … Big dictionary of business and management
Annuity (European financial arrangements) — An annuity can be defined as a contract which provides an income stream in return for an initial payment.Immediate annuityAn immediate annuity is an annuity for which the income stream begins at a time after the initial payment which is less than … Wikipedia
Life annuity — The life annuity is a financial contract according to which a seller (issuer) typically a financial institution such as a life insurance company makes a series of payments in the future to the buyer (annuitant) in exchange for the immediate… … Wikipedia
Pension Maximization — A retirement strategy for couples that involves purchasing a single life annuity on the older spouse rather than a dual or joint life with last survivor annuity that covers both people. The increased income received from the annuity will be used… … Investment dictionary
УСЛОВНЫЙ АННУИТЕТ (РЕВЕРСИВНЫЙ АННУИТЕТ) — (contingent annuity, reversionary annuity) Рента, выплата которой обусловлена наступлением определенного события. Наиболее распространенной формой является рента, покупаемая совместно мужем и женой, выплата которой начинается после смерти одного… … Словарь бизнес-терминов
