An annuitant is an individual who receives benefits from an annuity. An annuity is a financial product that provides a steady stream of income to the annuitant, typically in retirement. Annuities can be purchased from insurance companies and can be structured in different ways to suit the needs of the annuitant. It is important to carefully consider the terms and conditions of an annuity before making a decision, as it can have a significant impact on one's financial stability in the future.
