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.
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.
After retiring, he worked at the Department of State as a reemployed
annuitant (WAE) for 11 years, until 2011.
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.
This is true even though the beneficiary will get nothing unless the
annuitant dies before receiving payments equal to the
annuitant's premium cost.
1: What happens to the money paid to the insurance company when the
annuitant dies?
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.
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.
First of all as the
annuitant had not died but had benefited from mortality gain then surely that should be clawed back.
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.
Usually acquired by a married couple, the first
annuitant receives a definite amount at regular intervals for life.
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.
annuitant - the recipient of an annuity