Surivors' Benefits


Surivors' Benefits : (Insur) Payments to dependents of employees who die prior to retirement, financed in whole or in part by an employer. Also called: Transition Benefits; Bridge Benefits; Widow's Allowance. Note: Benefits may be in the form of payments for a fixed period (e. g. , 24 months) supplementing regular life insurance benefits, a benefit for life out of a pension program, a lump-sum payment, etc
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