1555 Palm Beach Lakes Blvd Suite 1410

West Palm Beach, FL 33401

24/7 Customer Support

What Is a Joint and survivor annuity? Definition, Uses and Importance.

Jump To Section

Copy the following HTML iframe code to your website:

Share This

A form of pension fund payment in which the retired participant gets a check every month. When the participant dies, the spouse continues to get a monthly check equal to one-half of the benefit for the rest of his or her life.

As a financial instrument, an annuity is one that protects against market and longevity risks by accruing interest on a tax-deferred basis. Many people, including lottery winners, pensioners, and those who have received structured settlements, use annuities to ensure a steady stream of income now, in the future, and even after their deaths.

Upon the demise of the annuity owner, annuity payments may or may not cease. A death-benefit provision in annuities allows the owner to designate a beneficiary to receive the greater of all remaining funds or a predetermined minimum.

It is possible to leave an annuity to a loved one by naming them as a beneficiary.

« Back to Glossary Index
Search for more common probate terms
Search

Get Your Inheritance Money Now!

Our Inheritance Cash Advances help heirs receive a portion of their inheritance payout in just a few days. We then wait and are paid directly out of your share when the estate finally closes. We wait for probate so that you don’t have to. Click below and fill out our short form to receive an advance immediately.

Probate Costs
Play Video

If you are an Heir or Executor to an Estate, You Don’t Have To Wait For Probate!

Inheritance advanced Logo
comodoCreated with Sketch.
employee_ownedCreated with Sketch.
bbbCreated with Sketch.
customer_satisfactionCreated with Sketch.

Inheritance Advanced is an inheritance funding company, not a lender. We offer Inheritance Cash Advances which are a new and innovative option for heirs to receive the immediate cash they need during challenging times. This program allows an heir the benefit of receiving immediate money, in exchange for their future inheritance.

Inheritance advances are a way for heirs to receive immediate funds without providing credit or employment verification and they don’t require collateral. You also will not be responsible for high monthly interest payments like probate loans or inheritance loans.