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What is the difference between the two-life gift annuity rate and the single-life gift annuity rate?

April 26, 2017Annuity difference gift rate two-life

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What is the difference between the two-life gift annuity rate and the single-life gift annuity rate?

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The rate of return is a bit lower for a joint annuity because the rate is determined by the age of the younger person. Also the life expectancy is longer for two people. The payments continue for as long as either annuitant lives.