What does Accumulation Period mean? Read on to discover the definition & meaning of the term Accumulation Period - to help you better understand the language used in insurance policies.
The accumulation period, in the context of insurance, refers to the time period during which an annuitant pays money into their annuity account, as a way of investing in a form of retirement savings. After this phase, annuitization or regular payouts from the annuity to the annuitant generally follows until the annuitant's death or a specified period.
We hope the you have a better understanding of the meaning of Accumulation Period.