| 释义 |
survivorship annuity
Thesaurus| Noun | 1. | survivorship annuity - an annuity payable to one person in the event that someone else is unable to receive itreversionary annuityannuity, rente - income from capital investment paid in a series of regular payments; "his retirement fund was set up to be paid as an annuity" |
Survivorship Annuity
Survivorship AnnuityAn annuity that is paid to a beneficiary upon the death of the purchaser. That is, one purchases a survivorship annuity and designates a beneficiary. When the purchaser dies, the beneficiary receives a monthly payment for the remainder of his/her life. If the beneficiary dies before the purchaser, then the annuity contract is canceled. The purchaser may not change beneficiaries after the annuity is purchased. It is also called a reversionary annuity.survivorship annuity
Related to survivorship annuity: reversionary annuity, contingent annuity, Qualified Joint and Survivor AnnuitySynonyms for survivorship annuitynoun an annuity payable to one person in the event that someone else is unable to receive itSynonymsRelated Words |