Multiple choice general knowledge

During which phase annuitant put money in the annuity account by paying all at once or making a series of payments.

  1. Accumulative Phase

  2. Income Phase

  3. Accumulation Phase

  4. Purchase Phase
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The accumulation phase is when the annuitant funds the annuity through lump sum or periodic payments. This phase builds the account value before any income distributions begin.

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