Final answer:
The annuitant and the annuity owner can be different individuals or the same person.
Step-by-step explanation:
In finance, an annuitant is the person who receives the periodic payments from an annuity. The annuity owner is the person who establishes and holds the annuity contract.
Although the annuitant and the annuity owner can be the same person, it is not necessary. For example, a parent may establish an annuity for their child and name themselves as the owner, but designate the child as the annuitant.
So, the annuitant and the annuity owner can be different individuals, but they can also be the same person.