### Question
How is the term primary annuitant defined?


### Answer
The term **primary annuitant** is defined in *26 U.S.C. § 72* as the following:

> the individual, the events in the life of whom are of primary importance in affecting the timing or amount of the payout under the contract

#### Citation:
  - *26 U.S.C. § 72*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART II-ITEMS SPECIFICALLY INCLUDED IN GROSS INCOME**

