The period during which an annuitant makes contributions to an annuity contract is called?

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Multiple Choice

The period during which an annuitant makes contributions to an annuity contract is called?

Explanation:
During an annuity, the period you fund the contract and the value grows is the accumulation phase. This is when you make premium payments and the money earns returns, with growth typically tax-deferred until withdrawals. The other phase, the distribution or payout period, begins after annuitization when the insurer makes periodic payments to you. So the term that best fits the described period is the accumulation phase.

During an annuity, the period you fund the contract and the value grows is the accumulation phase. This is when you make premium payments and the money earns returns, with growth typically tax-deferred until withdrawals. The other phase, the distribution or payout period, begins after annuitization when the insurer makes periodic payments to you. So the term that best fits the described period is the accumulation phase.

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