Annuitant

Annuitant,

Definition of Annuitant:

  1. The individual(s) who pay the annuity premium.

  2. One or more individuals who receive periodic payments from an annuity contract as its beneficiaries.

  3. A person who receives an annuity.

How to use Annuitant in a sentence?

  1. The dramatic difference in rates charged means that Strategic Capital pays annuitants thousands of dollars more cash now for their structured settlement payments.

Meaning of Annuitant & Annuitant Definition