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

Joint and one-half survivor annuity typically provides for a reduction in monthly payments after the death of one of the annuitants, often to one-half of the original amount.

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