A life annuity payable for the lifetime of the annuitant and continued for the lifetime of his/her spouse or for a certain fixed term. In cases where the annuity payments still remain, the balance will be paid to the beneficiary. If there is no beneficiary mentioned, then it will be paid to the estate.
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An insurance product that, when annuitized, makes payments to the annuitant, the annuitant and his/her spouse, or the annuitant and another beneficial party ...
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An annuity that makes payments to both the annuitant until death and then to a designated second party until the death of a designated third party (who is ...
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Definition of joint life with last survivor annuity: A life annuity payable for the lifetime of the annuitant and continued for the lifetime of his/her spouse or for a ...
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Joint Life With Last Survivor Annuity An insurance product that, when annuitized, makes payments to the annuitant, the annuitant and his/her spouse, or.
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Joint Life with Last Survivor Annuity. Covers two people and the contract will pay as long as one of the annuitants is alive; Cash or Unit Refund Life Annuity ...
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Joint Life With Last Survivor Annuity - An insurance product that, when annuitized , makes payments to the annuitant, the annuitant and his/her spouse, or the ...