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joint life annuity

American  

noun

Insurance.

  1. an annuity, the payments of which cease at the death of the first of two or more specified persons.

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

If you have a "joint life" annuity, will your spouse or partner have to consent to you cashing in the annuity?

From BBC

This early/late strategy is equivalent to purchasing a second-to-die or joint life annuity.

From US News

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.