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Definitions from WordNet

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Term: Annuitant

Description:

An annuitant refers to a person or entity who receives regular payments from an annuity, a financial contract where a lump sum is invested to provide steady income over a specified period or for life. This term is commonly used in the context of financial planning and insurance.

Examples:

1. Noun: The annuitant was delighted to receive their monthly check, which provided a stable source of income during retirement.
2. Noun: As an annuitant, she relied on the annuity fund to support her daily expenses.
3. Noun: The insurance company made sure to explain all the terms and conditions to the annuitant, ensuring they were informed about their annuity payments.
4. Adjective: The annuitant community celebrated the increase in their annuity payments, providing them with a sense of financial security.
5. Adjective: The annuitant policy offered a variety of options, allowing individuals to customize their annuity payments to fit their specific needs.
6. Verb: After retiring, he decided to annuitize a portion of his savings, becoming an annuitant to secure a reliable income stream.
7. Verb: The couple planned to annuitize their lottery winnings, making them annuitants to have lifetime financial stability.

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