Joint And Onehalf Annuityjoint And Twothirds Annuity


Definition of "Joint and one-half annuity/joint and two-thirds annuity"

Lana Lavenbarg
  Coldwell Banker Pro West

Annuity modified joint life and survivorship annuity under which the income payments are reduced to one-half or two-thirds of the initial income amounts upon the death of the first annuitant.


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