question 5 of 60\nthe annuity period\na. is the period of time during which the annuitant makes payments…

question 5 of 60\nthe annuity period\na. is the period of time during which the annuitant makes payments into the annuity.\nb. may last for the lifetime of the annuitant.\nc. is also referred to as the accumulation period.\nd. is when annuity payments grow tax deferred.

question 5 of 60\nthe annuity period\na. is the period of time during which the annuitant makes payments into the annuity.\nb. may last for the lifetime of the annuitant.\nc. is also referred to as the accumulation period.\nd. is when annuity payments grow tax deferred.

Answer

Brief Explanations:

The annuity period is when the annuitant starts receiving payments from the annuity and it can last for the lifetime of the annuitant. Option A describes the accumulation period. Option C is incorrect as the accumulation period is different from the annuity - payment period. Option D is about the tax - deferral feature during the accumulation phase.

Answer:

B. May last for the lifetime of the annuitant.