What Is Overlap On Annuities? 
Overlap on annuities is when an annuity pays two incomes to a surviving dependent for a period of time . It happens when someone purchases a Joint Annuity that is also a Guaranteed Annuity and dies before the guaranteed period is ended . If they have chosen to have the annuity payments start upon their death , and have set up the annuity on an overlap basis , the policy will pay the dependent two incomes until the guaranteed period is ended . 