# Annuitant Agreement Contract
**This Annuitant Agreement ("Agreement") is made and entered into as of [Date], by and between:**
**Annuitant**
Name: [Annuitant's Full Name]
Address: [Annuitant's Address]
Email: [Annuitant's Email]
Phone: [Annuitant's Phone Number]
**Issuer**
Name: [Issuer's Full Name or Company Name]
Address: [Issuer's Address]
Email: [Issuer's Email]
Phone: [Issuer's Phone Number]
**Recitals**
WHEREAS, the Issuer agrees to provide periodic payments to the Annuitant in exchange for a lump sum payment made to the Issuer by the Annuitant that will serve as the principal amount for the annuity.
NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein, the parties agree as follows:
## 1. Definitions
1.1 **Annuitant**: The individual named above who will receive periodic payments.
1.2 **Issuer**: The entity that provides the annuity and makes the payments to the Annuitant.
1.3 **Annuity Payment**: A periodic payment made to the Annuitant based on the terms of this Agreement.
1.4 **Principal Amount**: The initial lump sum payment made by the Annuitant to the Issuer.
1.5 **Payment Schedule**: The timeline for payments which will be mutually agreed upon by both parties.
## 2. Principal Payment
The Annuitant agrees to pay the Issuer a total principal amount of [Amount] on or before [Payment Date]. This amount will serve as the basis for the annuity payments as defined in Section 3.
## 3. Payment Terms
3.1 The Issuer agrees to make periodic annuity payments to the Annuitant based on the following schedule:
- Payment Frequency: [e.g., monthly, quarterly, annually]
- Amount per Payment: [Amount]
- First Payment Date: [Date]
- Final Payment Date: [Date]
3.2 Payments will be made via [Payment Method, e.g., bank transfer, check, etc.].
## 4. Rights and Obligations
4.1 **Annuitant’s Rights**: The Annuitant has the right to receive annuity payments in accordance with this Agreement.
4.2 **Issuer’s Obligations**: The Issuer must make all payments to the Annuitant timely and accurately as described in Section 3.
## 5. Termination
5.1 This Agreement will automatically terminate upon the death of the Annuitant, at which point any remaining obligations will be extinguished, and no further payments will be due.
5.2 Either party may terminate this Agreement prior to its natural conclusion under the following circumstances:
- [Specify conditions for early termination]
## 6. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of [State].
## 7. Amendments
Any amendments to this Agreement must be in writing and signed by both parties.
## 8. Entire Agreement
This document constitutes the entire agreement between the parties and supersedes all prior understandings or agreements, whether written or oral, related to the subject matter hereof.
## IN WITNESS WHEREOF, the parties hereto have executed this Annuitant Agreement as of the date first above written.
**Annuitant:**
Signature: _______________________
Name: [Annuitant's Full Name]
Date: ____________________________
**Issuer:**
Signature: _______________________
Name: [Issuer's Full Name or Company Name]
Date: ____________________________
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*Note: Both parties are advised to consult with legal counsel before entering into this Agreement.*