Question

question 41 of 60
monthly contributions to the annuity are made during which period?
a. distribution period
b. pay out period
c. annuity period
d. accumulation period

Explanation:

In an annuity, contributions are made during the accumulation phase to build up the value of the annuity. The distribution or pay - out period is when payments are received from the annuity. The annuity period is a general term but contributions are specifically made during the accumulation period.

Answer:

D. Accumulation period