familjelivränta

English translation: family life annuity (for next-of-kin and/or dependants)

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Swedish term or phrase:familjelivränta
English translation:family life annuity (for next-of-kin and/or dependants)
Entered by: Shlomo (Salomon) Liberman

21:31 Jul 13, 2019
Swedish to English translations [PRO]
Bus/Financial - Insurance / life insurance policy
Swedish term or phrase: familjelivränta
In a letter explaining signing a life insurance policy, the following sentence appears.
Familjelivränta betalas ut vid den försäkrades dödsfall efter XX års ålder.
Shlomo (Salomon) Liberman
Israel
Local time: 23:20
family life annuity (for next-of-kin and/or dependants)
Explanation:
A life annuity with next-of-kin as 'named, nominated or designated' beneficiaries [make, änka eller änkling] who 'inherit' generally under the nomination, so 'dehors' = outside of any Will in the UK.
Selected response from:

Adrian MM.
United Kingdom
Grading comment
thank you for extensive answer
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +1family life annuity (for next-of-kin and/or dependants)
Adrian MM.


  

Answers


1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
family life annuity (for next-of-kin and/or dependants)


Explanation:
A life annuity with next-of-kin as 'named, nominated or designated' beneficiaries [make, änka eller änkling] who 'inherit' generally under the nomination, so 'dehors' = outside of any Will in the UK.

Example sentence(s):
  • A life annuity is an annuity, or series of payments at fixed intervals, paid while the purchaser (or .... after the second death. This way the balance of the guaranteed payments supports family members-
  • Familjelivränta kan utgå under samma förutsättningar som gäller för familjepensionen > utgår i form av *änkepension och barnpension*

    Reference: http://en.wikipedia.org/wiki/Life_annuity
    Reference: http://lagen.nu/sou/1977:46
Adrian MM.
United Kingdom
Meets criteria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 8
Grading comment
thank you for extensive answer

Peer comments on this answer (and responses from the answerer)
agree  Chris S
15 hrs
  -> Thanks and tack, tack!

neutral  SafeTex: I just can't spot anything that tells us any such compensation is paid out annually and not monthly etc.
16 hrs
  -> Good point! I make a number of assumptions when using financial terms like annuity, namely that it is not synonymous with an annual payment e.g. for tax purposes, but with a regular payment that can be weekly or monthly en.wikipedia.org/wiki/Annuity
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