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Home > QFINANCE Dictionary > Definition of joint life annuity

Definition of

joint life annuity

Insurance

annuity lasting until death of both parties an annuity that continues until both parties have died. They are attractive to married couples as they ensure that the survivor has an income for the rest of his or her life.

Definitions of ’joint life annuity’ and meaning of ’joint life annuity’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’joint life annuity’ and other financial terms with our online QFINANCE Financial Dictionary.

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