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    Question

    An individual receiving benefits under an annuity is

    called?
    A Insured or Policyholder Correct Answer Incorrect Answer
    B Nominee or Beneficiary Correct Answer Incorrect Answer
    C Insurer Correct Answer Incorrect Answer
    D Annuitant Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    An annuitant is a person who collects the benefits of an annuity or pension, or named in a specialized life insurance contract. The annuitant is the beneficiary of an annuity or pension. An annuitant can be the contract holder or another person. The beneficiary receives the proceeds of the annuity contract upon the annuitant's death to shield the beneficiary from a loss of income.

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