Joint life continuous annuity approximation

Discussion in 'CM1' started by Danny, Feb 11, 2024.

  1. Danny

    Danny Active Member

    We know that a single life annuity payable continuously is approximately equal to a single life annuity payable in advance minus 1/2.

    Does this logic also apply to joint life and last survivor annuities?
     
    Danny, Feb 11, 2024
    #1
  2. Joe Hook

    Joe Hook ActEd Tutor Staff Member

    In short, yes :)
     
    Joe Hook, Feb 12, 2024
    #2
    Danny likes this.

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