One of two possible retirement benefit payout options. In this case the retiree chooses to receive their benefits payments, while also guaranteeing payments will continue for another person (usually a spouse) after their death. This option must usually be explicitly stated, as the single-life payout option is typically the default.
Related information about joint-life payout:
- Joint-Life Payout Definition | Investopedia
The joint-life payout option allows the retiree to receive benefits during the remainder of his/her life and guarantees income for another person after he/she has ...
- Single-Life Payout Definition | Investopedia
At retirement, a retiree has the choice of either a single-life payout or a joint-life payout. A single-life payout means only the employee will be receiving the ...
- What is joint-life payout? definition and meaning
Definition of joint-life payout: One of two possible retirement benefit payout options. In this case the retiree chooses to receive their benefits payments, while also ...
- Understanding Annuity Payout Options - Yolander Prinzel, ACS
Joint Life: The joint life payout option guarantees a payment during your life and your joint annuitant's life. With a joint life annuity, you and your spouse (or other ...
- Retirement Focus - Pros & Cons of Annuity Payouts
Jul 24, 2007 ... A 2003 study by the Urban Institute reported that 72% of married men elect a joint life payout, but only 31% of married women do so. The study ...
- CLAIM SUPPLEMENT FOR ACTIVE i4LIFE® POLICIES
Upon Death of Owner/Annuitant on Single Life Payout 0r Death of Last measuring Life on a Joint Life Payout. □ Continue Payments (no Lifetime Income , no GIB ...
- Pension payouts: What's the best option? Greg Miller ... - Dmlo.com
Oct 1, 2012 ... lump sum option — most plans require you to choose between a single-life or joint-life payout. A single- life annuity provides the plan ...
- Oxford Life Royal Select™ Annuity | Sumrall & Associates -Your ...
Sep 28, 2012 ... Joint Life Payout is based on the lives of the Owner and the Owner's spouse who is the sole Beneficiary and is available only in this scenario. 4.