1. Individual who receives annuity payments. 2. Person whose lifetime is used as a measurement for establishing the length of time benefits are payable under a life annuity.
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See: Annuity.
The Rantings of the barely human.
1. Individual who receives annuity payments. 2. Person whose lifetime is used as a measurement for establishing the length of time benefits are payable under a life annuity.
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See: Annuity.