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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. 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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The reason is that an insurer pools the single premium an annuitant pays with those of others. Sample Gift Annuity for a 70-year old Age of Annuitant 70 Amount Donated-Cash $10,000. Because the date of first eligibility in the CSRS file is not highly accurate, we required that it not be later than the earliest date the annuitant both completed 36 years of service and reached age 55; both 20 years of service and age 60; and both 5 years of service and age 62. |
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