Joint and Survivor Annuity
A type of annuity that makes payments for the lifetime of two or more beneficiaries.
Investopedia Commentary
Also referred to as a joint life annuity, these are often purchased by a husband and wife.
Related Links
Anything But Ordinary: Calculating The Present And Future Value Of Annuities
Getting the Whole Story on Variable Annuities
Passing the Buck: The Hidden Costs of Annuities
See also: Annuity, Joint, Joint Account, Joint Owned Property, Joint Return, Jointly and Severally
joint and survivor annuity