Accumulation Period
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.
Popular Insurance Terms
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Arguments composed of assumption of risk, contributory negligence, and fellow servant rule. ...
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Person other than the annuitant as designated by the policyholder on whose life expectancy the annuity payment is also based. ...
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