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Annuitization Phase |
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Annuitization Phase The period when the annuitant starts to receive payments from the annuity. This period is after the accumulation phase where money is invested into the annuity. Notes: When one retires they often rely on their savings as a source of income, after retirement annuities are rolled over from the accumulation phase to the annuitization phase, providing income for retirees. The more that was originally invested into the annuity, the more that will be received when the annuity is paid out. |
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The annuitization phase of a contract is separate and distinct from and cannot be accounted for as a continuation of the accumulation phase, even if annuitization is in accordance with terms fixed in the original contract. Support the annuitization phase of accumulation products Support the annuitization phase of accumulation products |
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Annuitization Phase
