What is another word for survivorship annuity?
Pronunciation: [səvˈa͡ɪvəʃˌɪp ɐnjˈuːɪti] (IPA) 
A "survivorship annuity" is a financial product that provides a regular stream of income to an individual or couple for life. In the event of the death of one spouse, the annuity continues to pay out to the surviving spouse or another designated beneficiary until their own death. Synonyms for this type of annuity include "joint and survivor annuity," "lifetime income with survivor benefit," and "spousal annuity." These annuities are common in retirement planning and help ensure that a surviving spouse or partner has a secure source of income after the death of the other. It is important to carefully consider the terms and conditions of any annuity contract before making a purchase.
