term1 Definition1term2 Definition2term3 Definition3
Please sign in to your Google account to access your documents:
Joint life and survivorship annuity
Payment are made to two Annuitants with the survivors continuing to receive payments after the first Annuitant dies.
Survivorship annuity
Joint life annuity
Payments continue to two Annuitants for only as long as both live. Payment stop entirely when the first Annuitant dies. There is no survivorship so monthly payments would actually be higher to the Annuitants on a joint life annuity than they would be in a joint and survivorship annuity which pays until the last party dies.
Jumping juvenile
Juvenile insurance on which the face amount increases by a multiple usually five, of the original face amount when the insured reaches 21. Used as a marketing tool to sell life insurance covering children whose rates are extremely low.
Need help typing ? See our FAQ (opens in new window)
Please sign in to create this set. We'll bring you back here when you are done.
Discard Changes Sign in
Please sign in to add to folders.
Sign in
Don't have an account? Sign Up »
You have created 2 folders. Please upgrade to Cram Premium to create hundreds of folders!