[amp_mcq option1=”Waiting and Starting phases” option2=”Loading and Unloading phases” option3=”Accumulation and Payout phases” option4=”Commutation and Continuation phases” correct=”option3″]<\/p>\n
The correct answer is C. Accumulation and Payout phases.<\/p>\n
A deferred annuity is an insurance contract that provides income payments in the future. The two distinct phases of a deferred annuity are the accumulation phase and the payout phase.<\/p>\n
The accumulation phase is the period of time during which you make payments into the annuity. During this time, your money is invested and grows tax-deferred. You can choose to make payments monthly, quarterly, annually, or even one lump sum.<\/p>\n
The payout phase is the period of time when you start receiving income from the annuity. You can choose to start receiving income payments immediately or at a later date. You can also choose to receive payments for a certain number of years or for the rest of your life.<\/p>\n
There are many different types of annuities available, so it is important to choose one that meets your needs and goals. You should consult with a financial advisor to determine if an annuity is right for you.<\/p>\n
Here is a brief explanation of each option:<\/p>\n
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