DEFINITION of 'Annuitant'

1. A person who receives the benefits of an annuity or pension.

2. The person upon whom a life-insurance contract is based.


1. In other words, the annuitant is the beneficiary of an annuity or pension.

2. An annuitant can be the contract holder or someone else to whom the title was designated. Proceeds of the contract are given to the beneficiary upon the annuitant's death in order to protect the beneficiary from a loss of income.

  1. Annuity

    A financial product that pays out a fixed stream of payments ...
  2. Whole Life Annuity

    A financial product sold by insurance companies that pays monthly, ...
  3. Certain And Continuous

    A type of annuity that guarantees a number of payments, even ...
  4. Death Benefit

    The amount on a life insurance policy or pension that is payable ...
  5. Life Insurance

    A protection against the loss of income that would result if ...
  6. Beneficiary

    Anybody who gains an advantage and/or profits from something. ...
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