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Annuitant: meaning, definitions and examples

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annuitant

 

[ ˌænjuˈɪtənt ]

Noun
Context #1 | Noun

financial

A person who receives an annuity, especially from an insurance company.

Synonyms

beneficiary, payee, recipient.

Which Synonym Should You Choose?

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Word Description / Examples
annuitant

Use this word when referring to someone who receives regular payments, often from an annuity or retirement plan.

  • The annuitant receives a check every month from the retirement plan.
  • As an annuitant, he didn't have to worry about his finances after retirement.
beneficiary

This word is used to describe someone who receives funds or other benefits from a trust, will, life insurance policy, or other financial arrangement. Often used in legal contexts.

  • She was named the beneficiary of her grandmother's life insurance policy.
  • In the event of his death, his children are the beneficiaries of his estate.
recipient

This is a general term used to describe someone who receives something, whether it be money, a gift, or any other item. It is broader and more versatile than the other terms.

  • She was the recipient of the humanitarian award for her work in improving education.
  • As the recipient of the grant, he was able to pursue his research without financial concerns.
payee

This term specifically refers to the person to whom money is paid in a financial transaction, such as on a cheque or a bill.

  • The name of the payee must be written clearly on the cheque.
  • When paying an invoice, always ensure the payee's information is correct.

Examples of usage

  • The annuitant receives a fixed sum of money every month from the insurance company.
  • She is the annuitant of a structured settlement, which provides her with a steady income stream.
  • The annuitant may choose to receive payments for a specific period or for their lifetime.
  • An annuitant can opt for a lump-sum payment instead of regular installments.
  • Upon the death of the annuitant, the remaining balance may be passed on to a beneficiary.

Translations

Translations of the word "annuitant" in other languages:

🇵🇹 pensionista

🇮🇳 वार्षिकता प्राप्तकर्ता

🇩🇪 Rentner

🇮🇩 penerima anuitas

🇺🇦 аннуїтант

🇵🇱 rencista

🇯🇵 年金受取人 (nenkin uketorinin)

🇫🇷 rentier

🇪🇸 pensionista

🇹🇷 yıllık gelir alan

🇰🇷 연금 수령자 (yeongeum suryeongja)

🇸🇦 المستفيد من المعاش

🇨🇿 rentista

🇸🇰 rentista

🇨🇳 年金领取者 (niánjīn lǐngqǔ zhě)

🇸🇮 rentnik

🇮🇸 lífeyrisþegi

🇰🇿 зейнеткер

🇬🇪 ანუიტანტი

🇦🇿 pensiyaçı

🇲🇽 pensionista

Etymology

The term 'annuitant' originated from the Latin word 'annuitans', which means 'to grant annually'. In ancient Rome, annuities were granted yearly by the government to soldiers and officials. Over time, the concept evolved into financial payments made to individuals on a regular basis. Today, annuitants play a crucial role in the insurance and financial industry, receiving periodic payments to support their financial needs.

Word Frequency Rank

Positioned at #22,074, this word is part of extensive vocabulary. It's relatively rare in general usage but may be important in specific fields or formal writing.