Couples need to plan for retirement income for both spouses. A joint and survivor annuity provides income for both spouses as long as either is alive. An independent agent can compare joint and survivor annuity options for couples.
Key Points
- Joint and survivor annuity: provides income for both spouses
- Income continues as long as either spouse is alive
- Survivor benefit: typically 50%, 75%, or 100% of original income
- An independent agent can compare joint and survivor annuity options for couples
- Fixed indexed annuity with joint income rider: alternative option