- 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. 2012.
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. * * * … Universalium
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
