Definitions
There is 1 meaning of the phrase
Reversionary Annuity.
Reversionary Annuity - as a noun
An annuity payable to one person in the event that someone else is unable to receive it
Synonyms (Exact Relations)
survivorship annuityExample Sentences
"John's grandmother left him a reversionary annuity in her will."
"Sarah decided to invest her savings in a reversionary annuity to secure her future income."
"The financial advisor recommended purchasing a reversionary annuity as a retirement planning strategy."
"The couple received a reversionary annuity from their deceased relative's estate."
"The reversionary annuity provided a steady stream of income for the beneficiary."
