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- Contingent Annuitant: What it Means, How it Works, Options
What Is a Contingent Annuitant? A contingent annuitant is someone designated by an annuitant to receive the annuitant’s payments when they pass away
- What Is a Contingent Annuitant? - The Motley Fool
A contingent annuitant is someone designated to receive annuity income after the primary annuitant dies The contingent annuitant is often referred to as the secondary annuitant
- Contingent Annuitants: Definition, Scenarios, and Future Trends
What is a contingent annuitant? A contingent annuitant is a crucial component of annuity planning This individual is designated by the annuitant to receive annuity payments in the event of the annuitant’s demise
- Contingent Annuitant Meaning and Guide - gainbridge. com
Some annuity contracts include a contingent annuitant — a person designated to receive any remaining annuity payments after the primary annuitant's death Understanding the contingent annuity meaning can be key to structuring an annuity for long-term protection
- The Definition of Contingent Annuitant in Annuities
What is the definition of a Contingent Annuitant in Annuities? A Contingent Annuitant is a person who is named by the annuity contract owner to receive income payments from the annuity if the primary annuitant is unable to receive them
- Annuitant | Definition, Types, Tax Implication, Risks, Rights
The role of the contingent annuitant becomes active in scenarios where both the primary and joint annuitants pass away before the exhaustion of benefits This individual, acting as a secondary backup, steps in to receive the remaining annuity income
- Understanding the Fine Print: Annuity Contracts and Contingent . . .
If the contingent annuitant is younger than the primary annuitant, the annuity payments will be lower, since they are expected to last longer Conversely, if the contingent annuitant is older than the primary annuitant, the annuity payments will be higher, since they are expected to end sooner
- Contingent Annuity: Understanding Its Legal Definition | US Legal Forms
A contingent annuity is a type of annuity contract that provides income payments to the annuitant when a specific event occurs Typically, this event is the death of a designated individual, such as a spouse
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