Joint And Survivor Annuity — An insurance product that continues regular payments as long as one of the annuitants is alive. A joint and survivor annuity must have two or more annuitants, and is often purchased by married couples who want to guarantee that a surviving spouse … Investment dictionary
Qualified Joint And Survivor Annuity - QJSA — An annuity payment from a qualified plan or 403(b) account that provides a life annuity to the participant and a survivor annuity for the spouse after the participant’s death. QJSA rules apply to money purchase pension plans, defined… … Investment dictionary
qualified joint and survivor annuity — (QJSA) USA The form of payment applicable to benefits under a defined benefit plan or a money purchase plan that are paid to a married participant. A qualified joint and survivor annuity includes a series of monthly annuity … Law dictionary
qualified preretirement survivor annuity — + qualified preretirement survivor annuity (QPSA) USA A death benefit paid to the surviving spouse of a participant in a defined benefit plan or a money purchase plan. A qualified preretirement survivor annuity is paid if a married participant… … Law dictionary
joint–and–last–survivor annuity — n: joint and survivor annuity at annuity Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
joint–and–survivor annuity — see annuity Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
Qualified Pre-Retirement Survivor Annuity - QPSA — A death benefit that is paid to the surviving spouse of a deceased employee. If the employee dies before retirement, the qualified pre retirement survivor annuity is paid to recompense the surviving spouse for the loss of retirement benefits that … Investment dictionary
joint and survivor annuity — noun : joint life and survivor annuity … Useful english dictionary
annuity — an·nu·ity /ə nü ə tē, nyü / n pl ities [Medieval Latin annuitas, from Latin annuus yearly] 1: an amount payable at regular intervals (as yearly or quarterly) for a certain or uncertain period 2: the grant of or the right to receive an annuity his … Law dictionary
survivor — sur·vi·vor n: one (as a joint tenant or a child) who is recognized as outliving another and is commonly entitled to insurance benefits (as under social security) or property upon the death of the decedent see also joint and survivor annuity at… … Law dictionary
joint and last survivor annuity — Insurance. an annuity payable until the death of the last of two or more designated persons, though sometimes with reduced amounts after the first such person dies. * * * … Universalium
