Annuitant
The person whose life expectancy and gender that the annuity payments are based on if a lifetime payment option is selected.  The annuitant receives the annuity payments, unless otherwise requested.

Owner
In most circumstances, this person has total control in directing who receives the annuity payments.  The owner is responsible for any applicable taxes.

Contigent Payee
Person who receives the benefits of the annuity in the event of the annuitant(s) death, if an applicable income option were selected.  The contingent Payee may also be referred to as the beneficary.

Creating Income with an Immediate Annuity
Your asset (i.e., cash or proceeds from an inheritance, real estate sale, or 401(k) plan) is converted into a series of payments based on the annuitant's age and gender, annuity option selected and current rates available.

An annuity is a long-term contract designed for retirement purposes, wealth accumulcation, wealth distribution and wealth transference and not suitable for meeting short-term objectives.

FAJHMWEB3 12/06                                         Policy Form Series: 78-50, 70-50, 84-60