question 23 of 60\nthe annuity period\na is also referred to as the accumulation period\nb is the period of…

question 23 of 60\nthe annuity period\na is also referred to as the accumulation period\nb is the period of time during which the annuitant makes payments into the annuity.\nc is when annuity payments grow tax - deferred.\nd may last for the lifetime of the annuitant.

question 23 of 60\nthe annuity period\na is also referred to as the accumulation period\nb is the period of time during which the annuitant makes payments into the annuity.\nc is when annuity payments grow tax - deferred.\nd may last for the lifetime of the annuitant.

Answer

Brief Explanations:

The annuity period is the time when payments are made out of the annuity. It can last for the lifetime of the annuitant. The accumulation period is different from the annuity - payment period. Annuity payments during the annuity period are not necessarily tax - deferred in all cases, and the annuitant makes payments during the accumulation period, not the annuity period.

Answer:

D. May last for the lifetime of the annuitant