annuitant
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.
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