Joint life definition

Joint life means 2 people are covered.

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Joint life means the:

Joint life means, for purposes of the joint tiered LWA option, the individual named as joint life on the application who must be the annuitant’s spouse or common-law partner at that time;

Examples of Joint life in a sentence

• Periodic annuity payments are made during the Annuitant’s (both Primary and Joint Annuitants for Joint) life.

• Periodic annuitization payments are made during the Annuitant’s (both Primary and Joint Annuitants for Joint) life.

• Joint life annuity/joint life annuity with fixed period - Annuity Payouts will be made for the joint lives of the Annuitant and a Contingent Annuitant of the Annuitant's choice with no certain period, or with 10 years certain period, or with a 20 years certain period.

• If your spouse is your sole designated beneficiary for the entire calendar year, and is more than 10 years younger than you, the RMD is determined each year using the actual Joint life expectancy of you and your spouse obtained from the Joint Life Expectancy Table provided by the IRS, rather than the life expectancy factor from the Uniform Lifetime Table.

• Joint life factors are blended 50% male and 50% female with a pivot age of 65.

• Joint life annuity/joint life annuity with fixed period - Annuity payouts will be made for the joint lives of the annuitant and a contingent annuitant of the annuitant's choice with no certain period, or with 10 years certain period, or with a 20 years certain period.

• Joint life Annuity / Joint Life Annuity with Certain Period -- Fixed and/or variable annuity benefit payments will be made during the joint life of the Annuitant and a Joint Annuitant.

• Joint life insurance is either a term or permanent policy insuring two or more lives with the proceeds payable on the first death or second death.

• For Joint life policies, reinsurance premiums will be 110% of the single life rates described above for each individual, Frasierized, with a minimum annual premium of $0.12 per $1,000 in all years.

• Joint life Monthly Benefits may not be available for some contracts that are owned by a non-individual.

More Definitions of Joint life

Joint life means two people are covered.

Joint life means the type of Annuity option that can be selected where You have opted for the Annuity to be received by a Secondary Annuitant after Primary Annuitant’s death.