Market Recovery Program
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Chapter 16
JOINT ANNUITANTS
What is a “joint” annuitant?
An “annuitant” is the person designated on an annuity contract to receive the benefits of the annuity while they are alive. An annuitant can be a single person or two people. Joint annuitants are two annuitants designated on an annuity contract.
Figure 13
If there are joint annuitants under the Income Rider, the payouts under the Guaranteed Annual Payment schedule appear
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