MLchartDataset catalogue

Joint annuity

Term · Insurance and risk management · MLC-T-INS-001928

An annuity contract that makes payments to two or more individuals, with payments ceasing entirely upon the death of the first annuitant. This differs from a joint and survivorship annuity, which continues payments to the survivor. It provides a higher payout rate than a survivorship annuity but carries the risk of income loss for the surviving annuitant.

Table 1. Record
IdentifierMLC-T-INS-001928
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001928",
  "term": "Joint annuity",
  "field": "Insurance and risk management",
  "definition": "An annuity contract that makes payments to two or more individuals, with payments ceasing entirely upon the death of the first annuitant. This differs from a joint and survivorship annuity, which continues payments to the survivor. It provides a higher payout rate than a survivorship annuity but carries the risk of income loss for the surviving annuitant.",
  "url": "https://mlchart.com/terminology/insurance/joint-annuity/"
}

Record 1,836 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.