This option provides a guaranteed income for both lives and also guarantees the total of the payments received will never be less than the total of the funds paid to purchase this option or the (principal). If both die before receiving at least that amount, your beneficiary will continue to receive payments until the full amount is repaid.

This option provides a guaranteed income for as long as you or your joint annuitant lives. If you die first, the joint annuitant will receive a reduced amount from 75% to 33% of the payments you received while living. If the joint annuitant dies first, you will continue to receive 100% of the payments for as long as you live. Can also reduce on either death to increase initial payment. If a period certain option is selected as well the payment will only reduce after that period even is death occurs.