What occurs during accumulation?
The accumulation happens ahead of the distribution phase when they are retired and spending the money. Accumulation phase also refers to a period when an annuity investor is beginning to build up the cash value of the annuity. (The annuitization phase, when payments are dispersed, follows the accumulation period.)
The accumulation happens ahead of the distribution phase when they are retired and spending the money. Accumulation phase also refers to a period when an annuity investor is beginning to build up the cash value of the annuity. (The annuitization phase, when payments are dispersed, follows the accumulation period.)
