Joint Annuity
An annuity which is paid to the two named persons until the first one dies, at which time the annuity ceases. An instance might be an allowance to be paid to a husband and wife which would finish upon the death of the first spouse. Payments carry on until the death of the greatest living of the two.

Joint Underwriting Association - JUA
Insurers which link together to present coverage for a exacting type of risk or size of experience, when there are difficulties in obtaining exposure in the regular market, and which divide in the profits and losses associated with the program.

Junk Bonds
High risk bonds with low credit ratings. They pay a superior yield than venture grade bonds because issuers have a higher supposed danger of default. Such bonds engage market risk that could strength investors, including insurers, to sell the bonds when their charge is low.