Question
The period during which the owner of a deferred annuity
makes payments to build up assets is called?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.
More Insurance Awareness Questions
- The federal structure and concept of residuary powers in India's Constitution were primarily influenced by which country's constitutional model?
Which is the largest desert in the world?
Who reclaimed the title of the world's richest person according to the Hurun Global Rich List 2024?
- Which state has received a $109.97 million loan from ADB for skill development?
- Which state government introduced the Minimum Guaranteed Income Bill in 2023?
Which of the following is NOT a good conductor of electricity?
- Which of the following statements about magnesium hydroxide is correct?
Taxation is primarily a tool of which policy?
Where will the first-ever Kho Kho World Cup be held?
What is the causative agent of Kala-azar, that was in the news recently?
