Series 26: Accumulation And Payout Periods

Taken from our Series 26 Online Guide

Accumulation and Payout Periods

A deferred payment annuity divides into two phases. During the accumulation phase, customers contribute money into the annuity account and hopefully draw a return on that investment, either as interest or capital gains. In the second phase, customers stop contributing into the fund and begin receiving payments. This is called the payout or annuitization phase.

The investor will d

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