Multiple choice

In relation to annuities, what does “liquidation period” refer to?

  1. Period between the purchase of annuity and commencement of payments

  2. Period during which the insurer makes annuity payments

  3. Time taken to build up the corpus

  4. Insolvency period

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

“Liquidation period” refers to the period during which insurer makes annuity payments.