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An Annuitant Is Different from a Beneficiary Typically there are three parties to an annuity: owner, annuitant and beneficiary. In the context of an annuity, a beneficiary is a person named in the contract who will receive the annuitys death benefit. A beneficiary cannot be the same person as an annuitant.
An annuitant is an individual who is entitled to collect the regular payments of a pension or an annuity investment. The annuitant may be the contract holder or another person, such as a surviving spouse.
The annuitant is the person who will receive the annuity payouts. The life insurance company uses factors from the annuitants life to determine the payout schedule. This is also known to insurers as measuring life. Critical determining factors include the annuitants gender, age, and life expectancy.
Annuitant is an investor or a pension plan beneficiary who is entitled to receive the regular payments of a pension or an annuity.
An annuitant is an individual who is entitled to collect the regular payments of a pension or an annuity investment. The annuitant may be the contract holder or another person, such as a surviving spouse.
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Can the annuitant and beneficiary be the same person? The annuity beneficiary is the person who receives the annuitys death benefit. The annuitant is the person whose death triggers the death benefit payout. So, the annuitant and beneficiary cannot be the same person.
ANNUITANT - The person during whose life an annuity is payable, usually the person to receive the annuity. BENEFICIARY The person or party named by the owner of a life insurance policy to receive the policy benefit.
Owner: The person who paid for and controls the contract. Annuitant: The natural person who receives payments under the contract.

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