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Annuitant?
| Profile | Posted by | Options | Post Date |
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Susanne | Report | 23 Mar 2004 20:17 |
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Please could someone tell me what an Annuitant is as rellie was listed as this on 1881. Thanks Sue |
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John | Report | 23 Mar 2004 20:20 |
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Google says: A person who is entitled to receive benefits from an annuity. |
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Annie | Report | 23 Mar 2004 20:21 |
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It's a kind of allowance. For example, someone might leave an investment in their will that paid out regular sums and didn't touch the capital. Originally I think they were annual payments, hence 'annuity'. I have a relative who was described as an 'annuitant' on a 1851 census. I haven't managed to find out who set up her fund yet. sadly. Ann |
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Susanne | Report | 23 Mar 2004 20:23 |
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Many Thanks, Looks like I have a bit of digging to do... Sue |
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VIVinHERTS | Report | 23 Mar 2004 23:52 |
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Got this as well. Lodger in my great grandfathers house was a women with one. I knew what an annuity was but not an annuitant. I looked it up in a dictionary. Viv. |
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Researching: |
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Bob | Report | 24 Mar 2004 00:29 |
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You should also note that an annuitant is the person on whose life is the basis of the annuity. This means that the allowance and the capital that pays it are lost on the death of the annuitant. So it can't be inherited. Bob |
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