annuitant Hear it!

annuitant Definition

an·nui·tant (ə no̵̅o̅′ə tənt, -nyo̵̅o̅′-)

noun

a person receiving or entitled to receive an annuity

annuitant Finance Definition
A person who receives the benefits from an annuity. When the owner decides to receive regular payments, it is called annuitizing the policy or contract. See also annuity.
annuitant Law Definition

n

One entitled to the periodical payments, but not the principal, of an annuity.
annuitant Usage Examples

Possessives

  • death: This represents a return of original capital less annuity payments received in the event of the annuitant's death before the age of 75.

Converse of object

  • pay: They do this to ensure that the details given in the application form are correct before paying the annuitant an income.
  • provide: This fall was presumably the result of the demise of some annuitants provided for by the property.
  • assume: It assumes the annuitant purchases the annuity for the ages from 55 to 70.
  • mean: This means the annuitant would need to be over 70 years of age given the current rate of annuity interest.

Adjective modifier

  • other: Part of this money is returned to the other annuitants in the form of more income.
  • future: Some of this is returned to future annuitants in the form of higher annuity rates.
  • compulsory: And voluntary annuitants are even longer-lived than compulsory annuitants.
  • male: The increase in cost is about 15 % for male annuitants, and about 10 % for females at age 65.
  • voluntary: And voluntary annuitants are even longer-lived than compulsory annuitants.

Modifies a noun

  • life: This advantageous annuity taxation means less tax paid and more income for the rest of the annuitants life.
  • mortality: Achieved operating profit* of £ 305 million ( including £ 56 million charge for annuitant mortality ) compared with £ 321 million in 2001.
  • longevity: These actions include:- Reassurance of a large proportion of our annuity portfolio to reduce exposure to annuitant longevity risk.
  • datum: Top Provision of annuitant data by 31st December 2005.

Noun used with modifier

  • with-profits: You may also be aware a group of with-profits annuitants have recently announced that they intend taking legal action against the Society.
  • profit: He confirms that this cut applied to with profit annuitants as well as to pension and endowment investors.