Annuitant (Noun)
Meaning
The recipient of an annuity.
Classification
Nouns denoting people.
Examples
- The annuitant began receiving monthly payments from the insurance company on her 65th birthday.
- In order to be eligible, the annuitant must be at least 62 years old and have contributed to the pension plan.
- As the annuitant, she had the option to choose from several different payment plans offered by the annuity provider.
- After his retirement, the annuitant received a fixed income every month for the rest of his life.
- The insurance company's responsibility was to make regular payments to the annuitant as per the agreed terms and conditions.