# Quick Joint Lives question

0 votes
128 views
asked Nov 10, 2018
reshown Nov 10, 2018

Hi...

What would the EPV of an annuity payable continuously to joint lives until 5 years after the second death be?

## 1 Answer

+1 vote
answered Nov 10, 2018 by (2,950 points)

If I interpreted your question correctly you are looking for a last survivor annuity with a guaranteed annuity payable for five years after the second death. The expression would be:

$$\bar{a}_\overline{xy} + \bar{A}_\overline{xy} \bar{a}_\overline{5|}$$