Question

What type of annuity ensures payments as long as both annuitants are alive and ceases upon the death of either?

a.

Joint life annuity

b.

Reversionary annuity policy

c.

Last survivor annuity

d.

Immediate annuity in arrears

Answer: (a).Joint life annuity Explanation:A joint life annuity ensures payments as long as both annuitants are alive and ceases upon the death of either.

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Q. What type of annuity ensures payments as long as both annuitants are alive and ceases upon the death of either?

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