Question

What is the period in a deferred annuity before the annuity starting date?

1. Accumulation period
2. Payout period
3. Daily interest period
4. Annuitization period

Answer 1

The correct answer is:

1. **Accumulation period**

This is the period in a deferred annuity before the annuity starting date, during which the investor makes contributions and the investment grows.