Joint and survivor annuity
A type of
annuity opened by and intended for two people, that makes payments for the entire lifetime of both beneficiaries, even if one of them dies.
Joint And Survivor Annuity
A form of pension fund payment in which the retired participant gets a check every month. If and when the participant dies, the spouse continues to get a monthly check equal to one half of the benefit for the rest of his or her life.
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