But unlike life income option, it enables you to continue having the proceeds distributed even if the primary beneficiary dies before the proceeds are exhausted. (mcmha.org)
For example: Imagine a 50 - year - old received a payout as life income with a period certain of 20 years. (quotacy.com)
For the past eight years, this trader annually takes a significant part of his trading profits and buys contractual joint life income starting at future dates. (thestreet.com)