Definition of "Annuitant"

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A person entitled to receive annuity benefits.

The one who receives annuity income benefits, usually, but not always, the individual who buys the annuity.

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The person who benefit payments for the annuity are based and who receives or will receive the income benefit from an annuity.

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An investor who is receiving annuity payments.

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The person on whose life is the basis of the proposed annuity. The person(s) on whose life the income payments are based. The contract owner decides who the annuitant(s) will be. The person, usually the annuity owner, whose life expectancy is used to calculate the income payment amount on the annuity. The person whose life expectancy is used to determine the payout of an annuity.

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