Who receives the money from the annuity during the payout phase?

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The main idea is that the person who receives the regular payments during the payout phase is the annuitant. The annuitant is the individual whose life is used to determine the payout schedule, so when the contract starts making installments, those payments go to the annuitant. The owner of the contract controls the policy and can designate who benefits upon death, but the ongoing payments themselves are made to the annuitant. If the owner and annuitant are the same person, that person receives the payments; if not, the annuitant still receives them, while ownership and any death benefits are handled separately.