Angel One - Share Market Trading and Stock Broking
Skip to main content
Insurance

Joint and x percent survivor annuity

A joint and survivor annuity is a financial tool that provides a steady stream of income to two individuals, typically a married couple. In this arrangement, after the first annuitant passes away, the surviving individual will continue to receive a percentage, often denoted as X, of the original benefit amount. This ensures that both individuals are financially supported during their lifetimes and even after one's passing.

Related terms

Private insurance

Understand the meaning and definition of Private insurance in the context of stock market, trading, and investments.

MORE
Premium Flexibility

Understand the meaning and definition of Premium Flexibility in the context of stock market, trading, and investments.

MORE
Shortage

Understand the meaning and definition of Shortage in the context of stock market, trading, and investments.

MORE
Named-perils agreement

Understand the meaning and definition of Named-perils agreement in the context of stock market, trading, and investments.

MORE
Concealment

Understand the meaning and definition of Concealment in the context of stock market, trading, and investments.

MORE
Grace Period

Understand the meaning and definition of Grace Period in the context of stock market, trading, and investments.

MORE

Open Free Demat Account!

Join our 3.8 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
10 Cr+DOWNLOADS

Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Scan this QR code to download the app
Get it on Google PlayDownload on the App Store