A joint annuity is a financial product that provides a regular income to two or more people for their lifetime. It is typically used by a couple who want to ensure they both receive income for as long as they live. Full definition
QLACs can be set up as joint annuities, which means that payments continue as long as either you or your spouse are alive. (annuities.blueprintincome.com)
A DIA can be set up as joint annuities, which means that payments continue as long as either you or your spouse are alive. (annuities.blueprintincome.com)
With this guaranteed stream of income in retirement, 2 you (and your spouse, if you choose a joint annuity) have the assurance of knowing that some of your income is secure. (fidelity.com)