Financial Dictionary
Investment Word
Atlantic Financial
Atlantic Financial
Investment Word
Survivor Benefit
A Survivor Benefit is a percentage of the annuitant's pension. The size and structure of the payment is determined by the type of policy the annuitant held at the time of their death.
For example, a beneficiary might be entitled to 65% of the annuitant's monthly pension. Alternatively, the benefit may be a large lump-sum payment from a life insurance policy.
Also See: Annuity
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