Which of the following is NOT true regarding the accumulation period of an annuity?
Which of the following is NOT true regarding the accumulation period of an annuity?
A. It is also known as the pay-in period
B. It would not occur in a deferred annuity
C. It is the period during which the annuity payments earn interest
D. It is the period over which the owner makes payments into an annuity
Answer: B. It would not occur in a deferred annuity
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