Meaning Of The Word Joint life annuity

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Joint life annuity Meaning

Joint life annuity Definition
Joint life annuity Definition

What's The Definition Of Joint life annuity?

joint life annuity in American English
noun: A 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.
noun: an annuity, the payments of which cease at the death of the first of two or more specified persons

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