What does reversionary annuity mean?
Definitions for reversionary annuity
re·ver·sion·a·ry an·nu·ity
This dictionary definitions page includes all the possible meanings, example usage and translations of the word reversionary annuity.
Princeton's WordNet
reversionary annuity, survivorship annuitynoun
an annuity payable to one person in the event that someone else is unable to receive it
ChatGPT
reversionary annuity
A reversionary annuity is a type of financial product or insurance policy that provides regular income payments to a designated beneficiary after the death of the policyholder, usually a spouse or close family member. It essentially reverts or switches to the beneficiary upon the event of the policyholder's death. These annuities serve as a form of continuing income source for the beneficiary to financially protect them in the case of the policyholder's demise. The amount and duration of these payments are established at the time of the policy’s initiation.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of reversionary annuity in Chaldean Numerology is: 9
Pythagorean Numerology
The numerical value of reversionary annuity in Pythagorean Numerology is: 3
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"reversionary annuity." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/reversionary+annuity>.
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