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 ?
If an annuitant dies before having recovered the full amount guaranteed under a refund or period-certain life annuity, the balance of the guaranteed amount is not taxable income to the refund beneficiary--until the total amount received tax-free by the annuitant plus the total amount received tax-free by the beneficiary equals the investment in the contract.
Starting with a given fund, it is possible to revise the payments to annuitants in the light of i) the amount remaining in the fund and ii) revised estimates of survival rates.
Instead, death benefits paid on the death of the owner or the annuitant is income-in-respect-of-a-decedent ("IRD") to the extent that the death benefit amount exceeds the basis in the annuity contract; as a result, the beneficiary may be eligible for a special income tax deduction for any Federal estate taxes paid that were attributable to the IRD.[2] The IRS has ruled that an assignment of an annuity from a decedent's estate to a charity will not cause the estate or its beneficiaries to be taxed on the proceeds of the annuity.[3]
Annuitants should also actively network with bureau contacts, lobby for positions and send their resumes to bureau coordinators and contacts.
Structured settlement annuitants are often on the receiving end of a payment stream because of personal loss, injury, or disability and depend on their payment stream as source of income because they are often unable to work due to those unfortunate circumstances that have befallen them.
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.
If we take the example of a PS100,000 pension pot being used to purchase PS5,000 of annual income, the annuitant must survive for twenty years to break even.
The Equitable Members' Action group (Emag), which has been lobbying for the Government to do more to help the pre-1992 annuitants who missed out, said the payouts were like a "winter fuel payment on steroids".
6, that the objecting annuitants were not denied due process, as contended, and there was no merit to the contention of plaintiffs that the Supreme Court lacked subject matter jurisdiction to include provisions which granted the receiver for ELNY judicial immunity and preliminary injunctive relief.
Client transfers cash to the trustee of the trust who purchases a deferred annuity contract with the estate owner as the annuitant. The trust is the applicant, owner and beneficiary of the contract.
We have also been told that new directives are forthcoming to ensure that any annuitants that are currently on fixed long-term contracts for the next few years will be forced to take their 35 days unpaid annuitant breaks during the reserve unit stand downs at Christmas, which, coincidentally, are just over a month in length.