Joint Life Annuity

Joint Life Annuity













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Joint Life Annuity

This type of annuity means that regular annuity income will be paid to the surviving spouse or partner for the rest of his or her life, if the annuitant dies. This type of arrangement can usually be added to most annuities. A joint life annuity is slightly different than a guaranteed annuity in that these policies will payout for the remainder of the surviving spouse/partner’s life, whereas a guaranteed annuity will only make payments for the agreed period.