What does Annuitant mean? Read on to discover the definition & meaning of the term Annuitant - to help you better understand the language used in insurance policies.
An annuitant is the person to whom the payments of an annuity are made. In the context of insurance, annuities are commonly offered by life insurance companies. In such cases, the policyholder pays into the annuity and is usually the annuitant once the annuity matures and it is time to receive the regular payments.
We hope the you have a better understanding of the meaning of Annuitant.