Meanings of pays benefits in English

The only sure way to provide a lifetime income is through an annuity which pays benefits every month for life.

Something that pays benefits.

Texas, like many states around the nation, has seen the recession drain its unemployment insurance fund, which pays benefits to jobless workers.

Unlike current Social Security, which pays benefits every month for life, most of the privatization plans make the individual account unrestrictedly available to the beneficiary.