annuitant

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(ə-nū'ĭ-tənt, ə-nyū'-) pronunciation
n.
  1. One that receives or is qualified to receive an annuity.
  2. An officially retired U.S. intelligence officer who is actually still on the government's payroll and is available for assignments.

individual receiving benefits from an annuity. The annuity owner can choose to annuitize the policy, meaning that he or she begins to receive regular payments from the annuity.

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One who receives the benefits of an annuity.

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