Meaning of the word annuitant in English

What does annuitant mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

annuitant

UK /əˈnjuːɪtənt/

Noun

someone who receives an annuity (= a fixed amount of money paid to someone every year, usually until their death):

Example:
Yields are reduced for female policyholders because they are likely to live longer than male annuitants.