Annuitant


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Annuitant

An individual who receives benefits from an annuity.

Annuitant

The beneficiary of an annuity. Depending on the type of annuity, the annuitant may be the person who paid into the annuity, or may be a relative or other designee of that person, such as a widow or widower.

annuitant

The recipient of an annuity.

Annuitant.

An annuitant is a person who receives income from an annuity. If you receive a distribution from an annuity that you or your employer buys with your 401(k) assets, you're the annuitant.

Similarly, you're the annuitant if you take distributions from a tax-deferred individual retirement annuity or from an individual annuity you buy with after-tax income.

If your beneficiary receives annuity income after your death, he or she becomes the annuitant. It's also possible to buy an annuity naming someone other than the buyer -- a disabled child, for example -- as annuitant.

Annuitant

A person who receives a pension or an annuity.
References in periodicals archive ?
Answer: The differentiation between owner-driven versus annuitant-driven contracts addresses the consequences of the death of an annuitant during the accumulation phase of a deferred annuity.
This paper explores the extent to which annuitants might be prepared to pay for protection against cohort-specific mortality risk, by comparing traditional indexed annuities with annuities whose payout rates are revised in response to differences between expected and actual mortality rates of the cohort in question.
The average annuitant in our sample, however, comes from a ward in which about 16 percent of individuals are qualified.
Both structured settlement annuitants and lottery annuitants experience unique financial demands, which must be handled on a case by case basis.
Joint Life Annuity for life with return of purchase price (ROP) payable on death of the last survivor - A fixed amount, guaranteed at the policy inception, will be paid as long as at least one of the annuitants is alive.
Records show ELNY became insolvent in the early 2000s and attempts over the years to have a viable liquidation where all annuitants could be paid 100 cents on the dollar ultimately failed due to the market situation in the past decade, inaction, alleged department-wide mismanagement at the New York Liquidation Bureau and the general low interest rate environment of the past decade(s).
Accordingly, the annuity may continue to be tax-deferred all the way until the death of the estate owner, if the estate owner is the annuitant of the contract.
Work over the January 30-31 weekend transformed R&A Pay areas to ensure that the new workforce was aware that they were entering an organization built on the best analysis and planning possible, the best practices of the payroll and accounting industry, and a dedication to serving the nation's military retired and annuitant population.
In the case of a joint and survivor annuity, what value is includable in the gross estate of the annuitant who dies first?
If the annuitant dies prior to the annuity starting date, the then existing values could be used to provide either a lump-sum payment or an ongoing income to one or more beneficiaries.
The annuitant is that individual named in the annuity contract whose life serves as the measuring life for purposes of determining benefits to be paid under the annuity contract.
Fourth, payouts from immediate annuities receive favorable treatment under federal tax law, and the older the annuitant, the more favorable the treatment.