Vocab Bloom Hub

survivorship annuity

/sərˈvaɪvərʃɪp əˈnuːɪti/

1 entry

phrase

/sərˈvaɪvərʃɪp əˈnuːɪti/C1formallegal
  • ruФинансовое соглашение, предусматривающее регулярные выплаты пережившему бенефициару, обычно супругу или иждивенцу, после смерти основного получателя ренты или пенсии.

A financial arrangement that provides regular payments to a surviving beneficiary, typically a spouse or dependent, after the death of the primary annuitant or pension holder.

  1. Retirement benefit for survivorsC1formal

    An annuity that continues payments to a designated beneficiary after the primary annuitant dies.

    ruПенсионное пособие для выживших

    • The pension plan includes a survivorship annuity for the spouse.
    • She chose a survivorship annuity to ensure her husband receives income after her death.
    • The survivorship annuity provides financial security for the surviving partner.