Joint And Survivor Annuity

Shawn Plummer

CEO, The Annuity Expert

What is a Joint And Survivor Annuity?

A joint and survivor annuity is a type of annuity that will provide payments to both an annuity owner and their spouse for the rest of their lives, even if the annuity runs out of money.

The monthly annuity payments continue until the second person dies, and it does not matter who dies first or second.

100% Joint and Survivor Annuity Payments

A 100 percent joint and survivor annuity pays the same monthly amount until the second person dies. The surviving spouse‘s monthly payment from a 100% joint and survivor annuity will be equal to 100% of the original annuity payments and will not reduce.

When both spouses die, the annuity payments stop, and there is no death benefit for beneficiaries.

75% Joint and Survivor Annuity Payments

75 percent joint and survivor annuity means that a benefit will be paid in equal monthly installments to the primary annuitant who has the annuity for their life. After an annuitant dies, three-quarters (3/4) of the original benefit will continue to be paid to a surviving annuitant.

50% Joint and Survivor Annuity Payments

50 percent joint and survivor annuity means that a benefit will be paid in equal monthly installments to the primary annuitant who has the annuity for their life. After an annuitant dies, half (1/2) of the original benefit will continue to be paid to a surviving annuitant.

Joint and Survivor Annuities

Research annuities designed for spouses, then request a quote.

Joint And Survivor Annuity Quotes

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Shawn Plummer

CEO, The Annuity Expert

I’m a licensed financial professional focusing on annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine.

The Annuity Expert is an online insurance agency servicing consumers across the United States. My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you. 

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