Q325
What are the two distinct phases of a deferred annuity?
A.
Waiting and Starting phases
B.
Loading and Unloading phases
C.
Accumulation and Payout phases
AnswerD.
Commutation and Continuation phases
Answer: Option C
Solution
Answer: Option C
Solution:
Accumulation and Payout phases are the two distinct phases of a deferred annuity. A deferred payment annuity is an insurance product that provides future payments to the buyer rather than an immediate stream of income.