What is a joint and survivor annuity?
A. A joint and survivor annuity pays a certain annuity during your life and half that amount (it could be more) to your surviving spouse for life. In almost all cases, the annual amount you will get under a joint and survivor annuity will be less than you would get under an annuity on your life alone.
A joint and survivor annuity pays a certain annuity during your life and half that amount (it could be more) to your surviving spouse for life. In almost all cases, the annual amount you will get under a joint and survivor annuity will be less than you would get under an annuity on your life alone.
Related Questions
- When I retired, I chose a Joint and Survivor Annuity. With a possible reduced COLA in my future, can I switch back to a Single Life Annuity so I can get more money in my pension check?
- Why Must the Postretirement Qualified Joint and Survivor Annuity (QJSA) Be Considered?
- What is a qualified joint and survivor annuity (QJSA)?
