joint annuity
noun[C]
ukusFINANCE
atypeofannuity(= afixedamountofmoneypaidto someone everyyear)in whichmoneyispaidto twopeople, usually ahusbandorwife, while both are stillalive, and to onepersonafter thedeathof the other:
Theannuityrateremainsunchangedfor allmale,female, andjointannuities.