InsurancePara-med (paramedical) Examination Single-premium annuity Vicarious liability Liability insurance Adjustable Life Insurance Expiry
Survivorship benefit
When an annuitant passes away, the remaining funds from their annuity become available for distribution to the living annuitants. This is known as the death benefit. It is an important aspect of annuities as it can provide additional income for those who are still receiving payments. Understanding this concept is crucial for those in the world of finance as it can impact financial planning and decision making. So, it is essential to have a thorough understanding of the death benefit and its implications in the world of annuities.
Related terms
Understand the meaning and definition of Para-med (paramedical) Examination in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Single-premium annuity in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Vicarious liability in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Liability insurance in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Adjustable Life Insurance in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Expiry in the context of stock market, trading, and investments.
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