annuitant

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an·nu·i·tant

(ə-no͞o′ĭ-tənt, ə-nyo͞o′-)

1. One that receives or is qualified to receive an annuity.

2. An officially retired US intelligence officer who is actually still on the government's payroll and is available for assignments.

American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

annuitant

(əˈnjuːɪtənt)

(Banking & Finance) a person in receipt of or entitled to an annuity

Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

an•nu•i•tant

(əˈnu ɪ tnt, əˈnyu-)

n.

a person who receives an annuity.

[1710–20]

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Noun

annuitant - the recipient of an annuity

recipient, receiver - a person who receives something

Translations

annuitant

n (form) → Rentenempfänger(in) m(f) (einer Jahresrente)

Collins German Dictionary – Complete and Unabridged 7th Edition 2005. © William Collins Sons & Co. Ltd. 1980 © HarperCollins Publishers 1991, 1997, 1999, 2004, 2005, 2007

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References in classic literature ?

It turned out to be Captain Bildad, who along with Captain Peleg was one of the largest owners of the vessel; the other shares, as is sometimes the case in these ports, being held by a crowd of old annuitants; widows, fatherless children, and chancery wards; each owning about the value of a timber head, or a foot of plank, or a nail or two in the ship.

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The debtor, Marcus Soori-Arachi, was the annuity owner and annuitant, with his probate estate the designated beneficiary entitled to the proceeds upon his death.

Annuity not exempt from bankruptcy under state law

After retiring, he worked at the Department of State as a reemployed annuitant (WAE) for 11 years, until 2011.

Louis N. Lemieux, Jr

The transaction will not change the amount of the monthly benefit for any annuitant. Metropolitan Life will be responsible for making these monthly payments following the close of the transaction.

MetLife to provide pension benefits to FedEx retirees and beneficiaries

This is true even though the beneficiary will get nothing unless the annuitant dies before receiving payments equal to the annuitant's premium cost.

What Are Gift Tax Issues With Annuities?

1: What happens to the money paid to the insurance company when the annuitant dies?

3 frequently asked questions about annuities

This consumption profile lies well below the annuitant due to the likely payment of accidental bequests; the analysis presented here suggests that someone who self-finances consumption in retirement requires 1.71 times the starting wealth of an annuitant to achieve the same expected lifetime utility at age 65.

Variable annuities and aggregate mortality risk

During the time period we study, the company collected information on the annuitant's place of residence but did not use this information to set prices.

Testing for asymmetric information using "unused observables" in insurance markets: evidence from the U.K. annuity market

First of all as the annuitant had not died but had benefited from mortality gain then surely that should be clawed back.

Pensions danger warning; FEEDBACK

An annuitant receiving payments, whether through some significant mishap, or through some great fortune, may substantially benefit their family's circumstance by liquidating all or part of their payment stream," said Paul Kadlick, Director of Sales at SHS.

Secure Horizon Settlements Expands Into Separate Lottery and Structured Settlement Divisions

Usually acquired by a married couple, the first annuitant receives a definite amount at regular intervals for life.

Mixing annuities and IRAs

A military member has devoted a career in serving our country and the spouse has supported that member and deserves recognition and compensation once the annuitant dies.