What does Annuity Period mean? Read on to discover the definition & meaning of the term Annuity Period - to help you better understand the language used in insurance policies.
An annuity period is the time when the owner of an annuity begins to receive payments from the insurance company. The insured usually gets paid monthly, quarterly, semi-annually or yearly depending on the annuity contract.
We hope the you have a better understanding of the meaning of Annuity Period.