An annuitant is a person who receives a regular income, typically from an annuity or pension, after retirement. This term signifies the individual who benefits from a fixed stream of income intended to provide financial security.
It means someone who gets a regular payment, like a pension or retirement benefit, that helps them live after they stop working for a long time.
It matters in legal documents because it defines the beneficiary or recipient under specific legal structures (like a trust or insurance policy) that provide ongoing income to retirees. It establishes the person who is entitled to the benefit.
Visual model
A person receiving regular retirement payments from a defined benefit plan.
The beneficiary designated to receive the fixed income stream under a trust agreement.
Document context
An annuitant is an individual who receives a regular stream of income, usually from a pension plan or annuity, which provides financial support after retirement.
It matters in legal documents because it defines the beneficiary or recipient under specific legal structures (like a trust or insurance policy) that provide ongoing income to retirees. It establishes the person who is entitled to the benefit.
It usually appears when discussing retirement benefits, pension plans, life insurance payouts, or retirement annuities in legal contexts.
It is commonly seen in documents related to retirement benefits, trust agreements, pension fund distributions, and beneficiary designations.
The person who receives the regular income after a period of work or retirement, often defined by their eligibility for a specific annuity or pension plan.
In practice, it works by establishing the legal right to receive a fixed periodic payment, ensuring the individual has a stable source of income post-employment. Examples: An individual who receives a monthly pension payment; A retiree who is entitled to an annuity payout.
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Wikipedia
An annuitant is a person who is entitled to receive benefits from an annuity. The payout benefits for an annuitant are based on the person's life expectancy. Since 2000, in the United States of America, Federal and State agencies have allowed the rehiring of...
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Disclaimer: We do not provide legal advice. We translate legal language into plain English and help you prepare for a conversation with a lawyer.