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joint life annuity

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joint life annuity

–noun Insurance.
an annuity, the payments of which cease at the death of the first of two or more specified persons.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Financial Dictionary

joint life annuity

See joint and survivor annuity.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Legal Dictionary

Main Entry: joint life annuity
see ANNUITY
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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