Annuitant: meaning, definitions and examples
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annuitant
[ ˌænjuˈɪtənt ]
financial
A person who receives an annuity, especially from an insurance company.
Synonyms
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
Word origin
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.