Definitions
There is 1 meaning of the phrase
Survivorship Annuity.
Survivorship Annuity - as a noun
An annuity payable to one person in the event that someone else is unable to receive it
Synonyms (Exact Relations)
reversionary annuityExample Sentences
"A survivorship annuity provides income to two people, such as spouses, until both have passed away."
"The survivorship annuity ensures that the surviving partner will continue to receive payments even after the death of the other."
"With a survivorship annuity, the income payments stop once both individuals have died."
"The survivorship annuity is often used as a form of retirement income for married couples."
"One of the advantages of a survivorship annuity is that it can provide income for an extended period of time."
