Which of the following is true regarding the annuity period
Options:
- A. It may last for the lifetime of the annuitant.
- B. During this period of time the annuity payments grow interest tax deferred.
- C. It is also referred to as the accumulation period.
- D. It is the period of time during which the annuitant makes premium payments into the annuity.
The Correct Answer Is:
- A. It may last for the lifetime of the annuitant.