annuitant


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annuitant

a person who receives an ANNUITY.
References in periodicals archive ?
The adjunct professors sued the college in 2016, alleging the decision by the Des Plaines-based school to no longer employ annuitants of the State Universities Retirement System, or SURS, was discriminatory.
In other words, many annuities include both life and fixed period or refund elements so that if death occurs prematurely, the annuitant and the annuitant's survivors will recover a total of at least some minimum amount.
This adjustment is just sufficient for the consumer to expect the same lifetime welfare as an annuitant who invests the same sum at age 65 in context of a zero real rate of return.
We also observe detailed information on the type of annuity purchased, and the three characteristics of the annuitant that are used in pricing the annuity: the date of purchase, the annuitant's date of birth, and the annuitant's gender.
Now Pensions Minister Steve Webb says that annuitants should be able to 'unwind' their contracts.
Typically, from initial contact, representatives will confirm that a client is a qualified annuitant or recipient of a payment stream, and then get to know the financial needs of the customer and walk them through their options with no monetary obligation.
After retirement, when the annuitant dies, the surviving spouse only gets half of the member's pension.
Single Life Annuity for life with return of purchase price (ROP) payable on death - A fixed amount, guaranteed at the policy inception, will be paid to the annuitant throughout his life.
The comprehensive Executive Life of New York (ELNY) liquidation plan involving the capacity a majority state guaranty funds, top regulators in multiple states, millions upon millions in life insurance company coffers, and thousands of waiting policyholders has cleared a major obstacle with the dismissal of the appeal by a group of annuitants claiming the liquidation plan was unfair and they were denied due process.
An immediate annuity is a contract between the annuitant and an insurance company.
Client transfers cash to the trustee of the trust who purchases a deferred annuity contract with the estate owner as the annuitant.
In many ways, this was the challenge facing the Defense Finance and Accounting Service (DFAS) when the decision was made to bring its Retired and Annuitant Pay Operations (R&A) function back in-house and undertake the largest insourcing effort in the history of the Department of Defense.