Waiting and Starting phases
Loading and Unloading phases
Accumulation and Payout phases
Commutation and Continuation phases
✅ The correct answer is C.
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.
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.