(1) Under a pension plan, the benefits, if any, paid to a
survivor of the retiree, which are based on a formula contained in the plan.
(2) Under Social Security, the benefits that an individual may
have after the death of a spouse, which is based on Social Security rules.
(3) A life insurance policy benefit that covers two or more
people, the benefits paid to the remaining insureds. Also known as benefits of
survivorship.