annuitant

Definition

A person who is entitled to receive benefits from an annuity.

Use annuitant in a sentence

I was glad to be entitled to receive benefits and that meant I would be the annuitant, which was really cool.

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The annuitant was fortunate to receive the annuity payments however they preferred a lump sum today instead of the payments.

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My grandmother has me as an annuitant on her accounts, since she was not able to give much money to my mother until her own retirement.

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annuitization method variable annuity