What is the term for the owner who makes the premium payments into the annuity?

The term for the individual who is responsible for making the premium payments into the annuity is referred to as the owner. This person holds the rights associated with the annuity contract, including deciding how the funds are to be allocated and when benefits will be accessed. The owner's primary role includes ensuring that premium payments are made on time to maintain the benefits of the annuity.

In this context, the insurer is the company providing the annuity and is responsible for fulfilling the terms of the contract in terms of payouts. The beneficiary is the person designated to receive the benefits upon the owner's death or at other specified times, but they are not responsible for making payments. The annuitant is the person whose life expectancy affects the payout structure of the annuity, but again, they do not necessarily have to be the one making the payments. Thus, the owner is the most accurate and relevant term for the individual who directly contributes financially to the annuity.