What does survivorship annuity mean?
Definitions for survivorship annuity
sur·vivor·ship an·nu·ity
This dictionary definitions page includes all the possible meanings, example usage and translations of the word survivorship 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
survivorship annuity
A survivorship annuity, also known as a joint-life or joint-survivor annuity, is an insurance product meant for couples. This type of annuity guarantees payments as long as one of the two spouses is alive. It offers a lower periodic payout than a single life annuity since the payout is calculated based on the life expectancy of both individuals and is expected to be paid out over a longer period.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of survivorship annuity in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of survivorship annuity in Pythagorean Numerology is: 3
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"survivorship annuity." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/survivorship+annuity>.
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