Accumulation Period vs Annuity Period
Deferred Annuities have both an accumulation period and annuity period. During the accumulation phase the owner of the annuity makes deposits into the account. During the annuity phase the insurance company pays the annuitant (original investor) the contractually agreed upon amount for the specified period of time.
Provided by: Mometrix Test Preparation
Last updated: 12/15/2017
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