Q161
In relation to annuities, what does “liquidation period” refer to?
A.
Period between the purchase of annuity and commencement of payments
B.
Period during which the insurer makes annuity payments
AnswerC.
Time taken to build up the corpus
D.
Insolvency period
Answer: Option B
Solution
Answer: Option B
Solution:
“Liquidation period” refer to period during which the insurer makes annuity payments.