survivorship annuity


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Noun1.survivorship annuity - an annuity payable to one person in the event that someone else is unable to receive it
reversionary annuity
annuity, rente - income from capital investment paid in a series of regular payments; "his retirement fund was set up to be paid as an annuity"
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References in periodicals archive ?
The value of any effective survivorship annuity will be subject to estate tax.
CHARITABLE REMAINDER ANNUITY TRUST OR CHARITABLE GIFT ANNUITY
The question of whether one should select a stright life annuity, rather than a joint and survivorship annuity, and purchase life insurance to give a spouse retirement protection, is not discussed.
Introduction to Estate Planning, 2d ed

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