Accumulation period
Term · Insurance and risk management · MLC-T-INS-000304
The phase in an annuity contract during which the policyholder makes payments into the annuity, and the funds grow on a tax-deferred basis. During this time, the principal and earned interest or investment gains accumulate without being distributed. This period precedes the annuitization phase, when regular income payments begin.
| Identifier | MLC-T-INS-000304 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-000304",
"term": "Accumulation period",
"field": "Insurance and risk management",
"definition": "The phase in an annuity contract during which the policyholder makes payments into the annuity, and the funds grow on a tax-deferred basis. During this time, the principal and earned interest or investment gains accumulate without being distributed. This period precedes the annuitization phase, when regular income payments begin.",
"url": "https://mlchart.com/terminology/insurance/accumulation-period/"
}
Record 34 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.