What is another word for joint annuity?

Pronunciation: [d͡ʒˈɔ͡ɪnt ɐnjˈuːɪti] (IPA)

A joint annuity is a financial product that ensures continuous income for two individuals. However, there are a few alternative terms commonly used to describe the same concept. Firstly, a joint-life annuity refers to an annuity that provides payments for the lifetime of both individuals. Similarly, a dual-life annuity is a synonym used to emphasize that payments are made to two people. Additionally, the term "survivorship annuity" highlights the continuation of payments even after the death of one annuitant. Lastly, a joint and survivor annuity is often used interchangeably with joint annuity, highlighting the option for the surviving annuitant to continue receiving payments.

What are the opposite words for joint annuity?

Antonyms for Joint Annuity Joint annuity refers to an investment in which two or more people pool their resources to receive income payments throughout their lifetime or for a fixed period. The concept of joint annuity is based on the assumption that the individuals involved are close associates, usually a married couple or business partners. Antonyms for joint annuity include "single annuity," which refers to an investment in which only one person invests, and "fixed annuity," which implies investing a lump sum of money for a guaranteed payment over a fixed period. Another opposite term for joint annuity is "variable annuity," which provides for payment to be made based on the performance of underlying investment options.

What are the antonyms for Joint annuity?

Word of the Day

Public Health Service US
The Public Health Service US is a healthcare organization that aims to improve the health and well-being of Americans. However, there are some antonyms that can be associated with ...