单词 | joint life annuity |
释义 | joint life annuity in Insurance (dʒɔɪnt laɪf ənuɪti) Word forms: (plural) joint life annuities noun (Insurance: Life insurance, Pensions) annuityA joint life annuity is a life insurance policy that pays a benefit that continues throughout the joint lifetime of two people until one of them dies. A joint life annuity guarantees income for you and your spouse for as long as you or your spouse live. In order to protect the survivors of the retired person, a joint life annuity, which is a life annuity payable to the last survivor of two or more people, canbe selected. A joint life annuity is a life insurance policy that pays a benefit that continues throughout the jointlifetime of two people until one of them dies. |
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