Question 1019 of 287 · Texas Life, Accident and Health Agent Exam
An annuity owner is in the accumulation period. This means the
Exactly one answer is correct.
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Correct answer to question 1019
- B: contract is building value before income payments begin
Explanation
The accumulation period is the funding stage of a deferred annuity. The annuity (payout) period begins when the owner annuitizes.
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