survivor benefit

Definition

The payment made to a beneficiary from an annuity or policy when the policyholder dies. also called death benefit.

Use survivor benefit in a sentence

When one of our veteran friends passed away we were surprised at the large sum of the survivor benefit that was left to his wife.

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Her children were very greatful that the life insurance policy had a great survivor benefit payout to cover their mothers expenses.

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The survivor benefit that Jeremy's would receive upon his passing allowed him some peace of mind in his final days as he was battling cancer.

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Civil Service Retirement System (CSRS) currently insured status