last survivor assurance

См. также в других словарях:

• last-survivor policy — 1) An assurance policy on the lives of two people, the sum assured being paid on the death of the last to die. See also joint life and last survivor annuities 2) A contract (formerly called a tontine) in which assurance is arranged by a group of… …   Big dictionary of business and management

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• tontine — /ˈtɒntin / (say tonteen), /tɒnˈtin / (say ton teen) noun 1. a scheme in which subscribers to a common fund share an annuity with the benefit of survivorship, the shares of the survivors being increased as the subscribers die, until the whole goes …  

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• Annuity (European financial arrangements) — An annuity can be defined as a contract which provides an income stream in return for an initial payment.Immediate annuityAn immediate annuity is an annuity for which the income stream begins at a time after the initial payment which is less than …   Wikipedia

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