Accumulation Period

Definition of "Accumulation period"

Jack Gale real estate agent
Jack Gale, Real Estate Agent Coldwell Banker Sea Coast Advantage

Time frame during which an annuitant makes premium payments to an insurance company. The obligations of the company to the annuitant during this period depend on whether a pure annuity or refund annuity is involved. Many factors enter an annuity purchase, but some experts suggest a pure annuity to minimize cost and if there are no dependents. In other circumstances a refund annuity might be considered.

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