An annuitant is an individual who is entitled to receive payments from an annuity or pension plan. These payments are typically made at regular intervals, such as monthly or annually, and are often part of a retirement income strategy. The annuitant may be the person who purchased the annuity or pension plan, or it could be a beneficiary designated to receive the payments in the event of the original annuitant’s death. The specific terms and conditions of the annuity or pension plan determine the timing and amount of payments to the annuitant.
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