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      Question

      The period during which the owner of a deferred annuity

      makes payments to build up assets is called?
      A Affinity sales Correct Answer Incorrect Answer
      B Annuity Accumulation Phase Correct Answer Incorrect Answer
      C Annuitization Correct Answer Incorrect Answer
      D Proximate Clause Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Accumulation phase has two meanings for investors and those saving for retirement. It refers to the period when an individual is working and planning and ultimately building up the value of their investment through savings. The accumulation phase is then followed by the distribution phase, in which retirees begin accessing and using their funds.

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