Annuitant - 401k Glossary

In the subject of annuities, an annuitant is an investor who receives daily (monthly, quarterly, annually) annuity payments or pension benefits. Also, an investor who contributes towards a life insurance plan in the working phase of his life can receive annuity benefits and payments upon retirement or death (death insurance). In financial terms, an annuitant is the beneficiary (person who receives the benefits) of an annuity or pension plan.

Retired people who write wills can also designate their beneficiaries who will receive daily payments (in the form of annuities) upon their death.