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3 Cards in this Set
- Front
- Back
- 3rd side (hint)
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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 |
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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. |
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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. |
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