How To Use Annuitant In A Sentence
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Most annuitants choose to receive monthly payments for the rest of their life and their spouse's life (meaning the insurer stops issuing payments only after both parties are deceased).
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Any annuity payable to the same or another individual shall be treated as earned income of the annuitant to the extent to which it is payable in return for any amount on which relief is so given.
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Beginning at age 62, the annuitant received either 35 percent of the base amount or 55 percent of the base amount minus the Social security benefit attributed to military service.
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In line with this, many annuitants and prospective pensioners have been receiving smaller pensions or annuities than what they were originally quoted.
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Typically, a consumer buying an annuity to save for retirement would himself be the annuitant, not an unrelated person, as happens when professional investors get involved.
Regulators Heed Insurers' Concerns on Annuity Curbs
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The article detailed instances of investors paying terminally ill people to be named as the "annuitant," meaning their death would trigger the death benefit.
Regulators Heed Insurers' Concerns on Annuity Curbs
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The particulars stated that: ‘Estate duty will be payable on the death of the annuitant who is believed to have no aggregable estate’ and the name of the solicitors who prepared the particulars was given.
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For many of them their investment in a policy with the Society represents a substantial part of their savings, or of their pension provision; in the case of annuitants it may be all or a large part of their actual pension.
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As an annuitant who cannot leave Equitable, I demand that the Penrose report be published in its entirety as soon as possible and that open hearings be granted now.
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Another element of the Bill is that it facilitates the enhanced collection powers of the Department, making it more difficult for annuitants to fall into debt.
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The remaining 2,300 annuitants will be offered a 25% discount on the redemption price of their annuity, provided their arrears are up to date.
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Among the practices at issue: investors paying terminally ill people to be named as the "annuitant" in the annuity, the person whose death triggers an often-valuable death benefit.
Regulators Seek to Guard Insurers Against Annuity Bets
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When annuitants die, the income dies with them, and the life company that offers the annuity retains any surplus from the lump sum investment.
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The dramatic difference in rates charged means that Strategic Capital pays annuitants thousands of dollars more cash now for their structured settlement payments.
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The word "annuitant", as used in this section and sec - tions one hundred and thirty-two B and one hundred and thirty-two C, shall mean any person on whose life an annuity is payable under a group annuity contract.
Acts and resolves passed by the General Court
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Retirees and other annuitants may choose to enroll in one of several plans from health maintenance and preferred provider organizations.
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The annuitant must declare the full amount receivable on his tax return to be given credit for the tax withheld.
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With-profit annuitants are to see their pensions cut by up to a third and the society's financial position has deteriorated to a point where it is barely solvent.
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Crucially for Mr. Caramadre, the plans also come with a guaranteed death benefit, in which the insurer generally agrees to repay at least the amount invested after the "annuitant" dies, even if markets have cratered and the invested sums have dwindled.
Judge Lets Claims Stand in Annuity Case
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Care should be taken, as Equitable with-profits annuitants have been badly hit by the crisis there.
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If your designated survivor annuitant dies before you, or you are divorced or married after electing the option, you may name a new survivor
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A single premium immediate annuity offers an income stream that will last as long as the annuitant (or joint annuitant, if that option is selected) lives or for a predetermined period, depending on the option selected at the time of purchase.
For Some Retirees, This Annuity Makes Sense
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The institute said a better approach would be for applications to ask about the relationship between the contract holder and the annuitant.
Regulators Heed Insurers' Concerns on Annuity Curbs
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In exchange for these payments, the annuitant surrenders a specific amount of money to the insurance company.
For Some Retirees, This Annuity Makes Sense
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Your assistance would be appreciated in reaching Zimbabwe / Rhodesian pensioners and annuitants, widows and others interested.
