Sentences with annuitant
an·nu·i·tant
A a - The annuity starts making regular payments to the annuitant within a year.Life annuity payments, once begun, continue throughout the remaining lifetime of the annuitant, but not beyond.An annuitant is a person receiving an income under an annuity contract.
- A fixed annuity uses a stream of cash payments to the annuitant based on a fixed investment, while a variable annuity the payments received can fluctuate.