Annuity in which a series of payments is given to two or more annuitants until their deaths. Also called joint and last survivorship annuity .

Life insurance settlement choice in which payments are made to two or more payees until their deaths.

Individual legally entitled to share in the proceeds of an insurance policy.

Formerly Joint Commission on Accreditation of Healthcare Organizations (JCAHO). Established in 1951 as Joint Commission on Accreditation of Hospitals (JCAH). It is a not-for-profit accrediting body for clinics, hospitals, and other federal and military facilities. The Joint Commission reviews the policies, patient records, credentialing procedures, and quality assurance programs of the facility. When the Joint Commission awards official approval, it means the quality and high standards of the facility have been met after their scrutiny. This is the goal of every facility that goes through the process about every 3 years.

Written agreement by a covered entity giving sanction to use the approval of another covered affiliated entity.

Type of credit life insurance that pays a full benefit amount to a lender on the death of any of the cosigners of a loan.

Type of life insurance agreement that gives coverage to two lives and provides for payment of the proceeds at the time of the first insured’s death.