Investment Glossary
| Term | Definition |
|---|---|
| Annuitant |
The beneficiary who receive payments from an annuity; the age of the annuitant influences how an annuity contract acts. For example, when the annuitant seeks to receive lifetime payouts from the annuity, the insurer looks at statistics on life expectancy to determine payment sums; this makes sure the annuity can reasonably be expected to last the full life of the recipient. |
