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单词 reversionary annuity
释义

reversionary annuity

Definition
A contract, called an annuity, which is really more a type of life insurance contract on an insured. This contract only pays annuity benefits if the annuitant is still alive when the insured dies, for example, if one spouse, the annuitant, is alive as of the death of the other spouse, who is the insured.
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更新时间:2025/1/22 16:47:56