survivors insurance
Học thuậtThân thiện
Definition
Noun: - Insurance paid to surviving spouses: A type of life insurance or benefit that provides financial payments to the spouse (and sometimes other dependents) of a deceased person. It is designed to offer economic support after the primary income earner's death.
Usage
This term is used specifically in the context of social security, employee benefits, or life insurance policies. It refers to the ongoing benefit, not the initial lump-sum death benefit. - Her husband's survivors insurance provided crucial monthly income after he passed away. - Understanding the eligibility requirements for survivors insurance is an important part of financial planning.
Advanced Usage
- The term is often part of a larger phrase like Social Security survivors insurance, which is a U.S. federal program.
- It is a key component of death benefit provisions within pension plans and government schemes.
Variants and Related Words
- Survivor benefits (n): A more general term for any payments made to survivors, which can include insurance payouts, pensions, or annuities.
- Life insurance (n): A broader category of insurance that pays out a sum of money upon the death of the insured person; survivors insurance is a specific type of life insurance benefit.
- Death benefit (n): A lump-sum or periodic payment made to a beneficiary upon the death of the insured.
Synonyms
- Survivor annuity
- Widow's/widower's pension (context-specific)
- Death benefit (when structured as periodic payments)
Related Phrases
- To be entitled to survivors insurance: To have the legal right to receive these benefits based on the deceased's work record or policy.
- She found out she was entitled to survivors insurance through her late husband's social security credits.
- To apply for survivors insurance: To formally request to start receiving these benefits.
- He helped his mother apply for survivors insurance after his father's death.
Noun
- insurance paid to surviving spouses