What is the Definition of Annuitant?
The person who receives the income from an annuity contract. Usually the owner of the contract or his or her spouse.
Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/
Label: Insurance
Theme: Dictionary of Insurance Terms
Other Questions: What is the definition of Insurance?
What is the Definition of Annuitant?
Check out other definition of insurance terms below:
What is the Meaning of OCCURRENCE POLICY In Insurance Terms?
Insurance that pays claims arising out of incidents that occur during the policy term, even if they are filed many years later. (See Claims made policy)
What is the Meaning of OCEAN MARINE INSURANCE In Insurance Terms?
Coverage of all types of vessels and watercraft, for property damage to the vessel and cargo, including such risks as piracy and the jettisoning of cargo to save other property. Coverage for marine-related liabilities. War is excluded from basic policies, but can be bought back.
What is the Meaning of OPEN COMPETITION STATES In Insurance Terms?
States where insurance companies can set new rates without prior approval, although the state’s commissioner can disallow them if they are not reasonable and adequate or are discriminatory.
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