Joint life definition

Joint life means 2 people are covered.
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Joint life means the type of annuity options that can be selected where the Member can opt for the annuity to be received by a Secondary Annuitant after his/her death.
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Joint life means the:
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Examples of Joint life in a sentence

  • Joint life second death Cash Value Insurance Contracts are sometimes taken out by spouses.

  • In the case of Joint life annuities the age limits apply to both lives.

  • Joint life second death cover is also available, to cover circumstances where both investors die within two years of the investment period.

  • Joint life mortality is calculated based on last death for loans with joint borrowers.

  • When an obligation to pay an amount under the contract becomes fixed, each person entitled to receive a payment is an Account Holder.• Joint life second death Cash Value Insurance ContractsJoint life second death Cash Value Insurance Contracts are sometimes taken out by spouses.

  • The options available are: Option 1: Deferred annuity for Single lifeOption 2: Deferred annuity for Joint life Annuity option once chosen cannot be altered.

  • Joint life second death Cash Value Insurance ContractsJoint life second death Cash Value Insurance Contracts are sometimes taken out by spouses.

  • THE CITY SHALL HAVE NO DUTY OR PERFORM UNDER THIS AGREEMENT UNTIL SUCH CERTIFICATE AND ENDORSEMENTS HAVE BEEN RECEIVED AND APPROVED BY THE CITY’S AVIATION DEPARTMENT.

  • If the form of distribution combines a joint and survivor annuity for the joint lives of the Participant and the Participant’s spouse and a period certain annuity, the preceding requirements will apply to annuity payments to be made to the Designated Beneficiary after the expiration of the period certain.(b) Joint life annuities where the beneficiary is not the Participant’s spouse.

  • On payment of Death Benefit, the cover will terminate and all rights, benefits and interests under the cover will stand extinguished. Joint life coverThe death benefit is paid in case of death of either of the joint insured members, whichever occurs first.


More Definitions of Joint life

Joint life means, for purposes of the joint tiered LWA option, the individual named as joint life on the application who must be the annuitant’s spouse or common-law partner
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Joint life means the type of Annuity option that can be selected where You have opted for the Annuity to be received by a Secondary Annuitant after Primary Annuitant’s death.
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Related to Joint life

  • Annuity means a stated sum payable periodically at stated times during life or during a specified or ascertainable period of time under an obligation to make the payments in return for adequate and full consideration in money or money's worth.

  • Credit life insurance means insurance on the life of a debtor in connection with

  • Domestic Partner means an opposite or a same-sex partner who is at least 18 years of age and has met all of the following requirements for at least 6 months:

  • Annuity Contract means a contract under which the issuer agrees to make payments for a period of time determined in whole or in part by reference to the life expectancy of one or more individuals. The term also includes a contract that is considered to be an Annuity Contract in accordance with the law, regulation, or practice of the jurisdiction in which the contract was issued, and under which the issuer agrees to make payments for a term of years.

  • Annuitant means a person who receives a retirement allowance or a disability allowance;