reversionary annuity Synonyms
No Synonyms and anytonyms found
reversionary annuity Meaning
Wordnet
reversionary annuity (n)
an annuity payable to one person in the event that someone else is unable to receive it
reversionary annuity Sentence Examples
- A reversionary annuity provides income to a beneficiary only after the death of another person.
- The value of a reversionary annuity is dependent on the life expectancy of the person on whose life it is based.
- Reversionary annuities can be used to fund future obligations, such as retirement expenses or inheritance taxes.
- Payments from a reversionary annuity are typically made for a fixed period of time, such as 10 or 20 years.
- The beneficiaries of a reversionary annuity do not have the right to receive payments until the specified person dies.
- In some cases, reversionary annuities can be terminated early, but this typically incurs a penalty.
- The tax treatment of reversionary annuities can vary depending on the jurisdiction.
- Reversionary annuities can be a valuable tool for financial planning, but they should be carefully considered before being purchased.
- It is important to understand the terms and conditions of a reversionary annuity before committing to it.
- Reversionary annuities can be purchased from insurance companies or through a financial advisor.
FAQs About the word reversionary annuity
an annuity payable to one person in the event that someone else is unable to receive it
No synonyms found.
No antonyms found.
A reversionary annuity provides income to a beneficiary only after the death of another person.
The value of a reversionary annuity is dependent on the life expectancy of the person on whose life it is based.
Reversionary annuities can be used to fund future obligations, such as retirement expenses or inheritance taxes.
Payments from a reversionary annuity are typically made for a fixed period of time, such as 10 or 20 years.
