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Glite Dictionary
survivorship annuity

survivorship annuity

8.8
A regular payment to one person when the other person dies
  • noun
  • /sərˈvaɪvərˌʃɪp əˈnuːɪti/
  • Specialized
: anualidad de supervivencia
  • The couple chose a survivorship annuity to ensure ongoing income for the surviving spouse.

Examples

  • A survivorship annuity can provide financial security if one partner outlives the other.

  • Many retirees consider a survivorship annuity as part of their estate planning strategy.

  • A survivorship annuity can provide financial security for your spouse.

  • Have you considered a survivorship annuity for your retirement plan?

  • A survivorship annuity ensures that my partner will receive payments if I pass away first.

  • The survivorship annuity provides a steady income for the surviving spouse after the death of the other.

  • Choosing a survivorship annuity allows couples to secure their financial future in case one of them is no longer alive.

Synonyms

survivors insurance
vssurvivorship annuity
  • Specialized
1 3.5

Money that helps a dead person's wife, husband, or children

is paid regularly when the other person cannot receive payments, not only after death
reversionary annuity
vssurvivorship annuity
  • Formal
9.9

Regular payments that go to another person after the first person dies or cannot receive payments

is paid when the first person cannot receive payments, not only after death

Surface Forms

survivorship annuity singular
survivorship annuities plural

Morphology

survivorship + annuity

The compound is directly compositional: 'survivorship' (the entitlement of a surviving beneficiary) modifies 'annuity' (a regular payment), so the phrase denotes an annuity payable to a survivor. Although the term is specialized in finance, there is no idiomatic or metaphorical shift, so a B1 learner who knows both constituents can infer the meaning.

Etymology

Survivorship annuity comes from the words survivorship (one person still alive) and annuity (a regular payment). It describes a payment plan where, if one person dies, the regular payments keep going to the person who 'survives', so it means income that continues for the surviving partner.