survivorship annuity

WordNet-Online
Free dictionary and thesaurus of English. Definitions, synonyms, antonyms and more...
Hint: double-click any word to get it searched!

Definitions from WordNet

Noun survivorship annuity has 1 sense

reversionary annuity, survivorship annuity - an annuity payable to one person in the event that someone else is unable to receive it
--₁ is a kind of annuity, rente

Definitions from the Web

Survivorship Annuity

Definition: A survivorship annuity refers to an insurance or investment product that provides income to a surviving spouse or beneficiary upon the death of the primary annuitant.

Example Sentences:

John purchased a survivorship annuity to ensure that his wife would have a secure income after his demise.
The survivorship annuity allowed Sarah to receive regular payments even after her husband passed away.

Possible Related Products:

survivie surviving surviving issue survivor survivor guilt survivor uilt survivors survivors insurance survivorship annuity survying surya sus sus scrofa susa susah susan susan anthony

Sponsored (shop thru our affiliate link to help maintain this site):

Check latest bestsellers | New Arrivals in Electronics