How Do Joint Annuities Work?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    With joint annuities, the policy is purchased together. They are usually called "joint and survivor annuities". When one dies, the other owner can continue the annuity, either by allowing it to keep growing, or to start taking payments, or to continue payments that were started when the other owner was alive.
    Answered on July 25, 2013
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