What is an Annuitant? How They Impact Payouts The annuitant in an annuity contract is the person whose life expectancy influences payment amounts and who receives the annuity's payments Usually, the annuitant is also the owner
What Is an Annuitant? Definition, FAQS Key Differences An annuitant is a person who receives the income benefits of an annuity The annuitant's life expectancy determines when the annuity payout occurs Annuitants can also be the annuity owner or contract holder After the death of the annuitant, a beneficiary receives the remaining payout
Annuitant - Wikipedia An annuitant is a person who is entitled to receive benefits from an annuity [1] The payout benefits for an annuitant are based on the person's life expectancy
What Is an Annuitant? Definition, Role, and Ownership The annuitant, sometimes called the “measuring life” in life insurance, is the individual whose life expectancy can be a factor in determining the size and frequency of annuity payouts
Annuitant | Definition, Types, Tax Implication, Risks, Rights An annuitant is an individual who is entitled to receive benefits from an annuity, which is a financial product issued by an insurance company The primary purpose of an annuitant is to enjoy a regular stream of income from an annuity
What an Annuitant Means in an Annuity Contract An annuitant plays a vital role in retirement planning by ensuring a steady income stream for financial security in the golden years An annuitant is entitled to regular payments from a pension or annuity investment They can be the contract holder or another person, such as a surviving spouse
Annuities - A brief description - Internal Revenue Service An annuity is a contract that requires regular payments for more than one full year to the person entitled to receive the payments (annuitant) You can buy an annuity contract alone or with the help of your employer
Annuitant: Understanding the Legal Definition and Implications | US . . . An annuitant is a person who has retired from their employment and is eligible to receive annuity payments based on their prior service This eligibility is determined by meeting specific criteria outlined in the relevant legal statutes