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annuitant |
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Annuitant 1. A person who receives the benefits of an annuity or pension. 2. The person upon whom a life-insurance contract is based. Notes: 1. In other words, the annuitant is the beneficiary of an annuity or pension.2. An annuitant can be the contract holder or someone else to whom the title was designated. Proceeds of the contract are given to the beneficiary upon the annuitant's death in order to protect the beneficiary from a loss of income. Annuitant An individual who receives benefits from an annuity.
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As some annuitants die, their premiums can be used to pay those still living. Since 65 percent of TIAA annuitants are women and minorities, their WBE initiative was well-supported from the chairman down to the real estate department. The proposed regulations would also provide for separate sets of tables for annuitants and nonannuitants, because these two groups also have significantly different mortality experience (particularly true at typical ages for early retirees). |
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annuitants
