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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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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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