Contingent annuitant
Term · Insurance and risk management · MLC-T-INS-000928
An individual designated to receive annuity payments if the primary annuitant dies before the annuity's payout period concludes. This person's right to receive payments is conditional upon the death of the primary annuitant. The contingent annuitant typically receives payments for the remainder of the guaranteed period or for their lifetime, depending on the annuity contract terms.
| Identifier | MLC-T-INS-000928 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-000928",
"term": "Contingent annuitant",
"field": "Insurance and risk management",
"definition": "An individual designated to receive annuity payments if the primary annuitant dies before the annuity's payout period concludes. This person's right to receive payments is conditional upon the death of the primary annuitant. The contingent annuitant typically receives payments for the remainder of the guaranteed period or for their lifetime, depending on the annuity contract terms.",
"url": "https://mlchart.com/terminology/insurance/contingent-annuitant/"
}
Record 742 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.