Which annuity provides for a built-in reduction of monthly payments after a specified event occurs?
A)joint annuity
B)joint and last survivor annuity
C)pure reduction annuity
D)joint and one half survivor annuity

Question

Quizplus · Accepted Answer

A joint and one half survivor annuity provides for a reduction in monthly payments after one of the annuitants passes away, typically reducing the payment to half for the surviving annuitant.

Which Annuity Provides for a Built-In Reduction of Monthly Payments