What is the Definition of Annuity Accumulation Phase Or Period?

What is the Definition of Annuity Accumulation Phase Or Period?

The period during which the owner of a deferred annuity makes payments to build up assets.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Insurance?

What is the Definition of Annuity Accumulation Phase Or Period?

What is the Definition of Annuity Accumulation Phase Or Period?

Check out other definition of insurance terms below:


What is the Meaning of NONADMITTED ASSETS In Insurance Terms?

Assets that are not included on the balance sheet of an insurance company, including furniture, fixtures, past-due accounts receivable, and agents’ debt balances. (See Assets)


What is the Meaning of NONADMITTED INSURER In Insurance Terms?

Insurers licensed in some states, but not others. States where an insurer is not licensed call that insurer nonadmitted. They sell coverage that is unavailable from licensed insurers within the state.


What is the Meaning of NONCANCELLABLE  AND GUARANTEED RENEWABLE POLICY In Insurance Terms?

An individual health insurance policy, which stipulates that, until the  insured reaches a specified age (usually age 65), the insurer will not cancel the coverage, increase the premiums, or change the policy provisions as long as the premiums are paid when due. Also known as noncancellable policy. Contrast with Guaranteed renewable policy.


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