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

Annuities

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You are riding in Sarah's car when she fails to yield and causes an accident. Which of the following coverages would NOT pay for your injuries?

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