For deferred annuities, the period of time during which certificate values are growing on a tax-deferred basis.
For a deferred annuity contract, the time period between the date that the contract owner purchases the annuity and either (1) the date that periodic income payments begin or (2) the date that the contract's surrender value is paid. During the accumulation period, the accumulation value of the annuity account grows.
When the employer and/or participants putting money in the annuity.
The length of time under an annuity contract prior to annuitization, i.e., payout.
In retirement and annuity plans, the period when funds are accumulated for later disbursement. This is in contrast to the income period, when the accumulated funds are disbursed in the form of annuity or pension benefits.
The time interval between the commencement of policy and when benefits are paid. The length of accumulation period can be chosen by the person purchasing the policy.
The interval of time usually from the Contracts Date of Issue to the Annuity Date or Surrender of the Contract.
This is the period of time the insured must accumulate during a period of time before benefits are paid. (similar to a standard Elimination Period) Example: insured must be disabled any 90 days during a seven-month period before benefit payments begin.
The time interval between the commencement of the policy and the time when benefits are paid out. It is established by the insured.
The time prior to an annuity's payout period when money builds up in the annuity contract.
A specified number of consecutive months or days in which the Elimination Period must be satisfied.
(1) The time between the first premium payment and the first benefit payout under a deferred annuity; (2) A specified period of time, such as 90 days, during which the insured person must incur eligible medical expenses at least equal to the deductible amount in order to establish a benefit period under a major medical expense or comprehensive medical expense policy.
The period between the time you make your Purchase Payment and the time you make withdrawals, when your annuity is accumulating interest.
Length of time an individual has to incur covered expenses to satisfy a required deductible and/or calendar year or plan year maximum.
A period of consecutive months that begins on the first day of disability and during which the elimination period must be satisfied
This is the time between the purchase and the payout period of a deferred annuity.
The period of time during which an insured must incur medical expenses up to the deductible in order to become eligible for reimbursement under a comprehensive major medical or major medical insurance policy. See Comprehensive Major Medical Insurance and Major Medical Insurance.
With an annuity, the time period between the purchase of the deferred annuity and the onset of the annuities payout period.
The period between the issue date of a deferred annuity and the beginning of the income payments. (See also: deferred annuity) Return to Previous
The time during which a person pays money into an annuity contract and builds up a fund to provide a deferred annuity.
A specific time period that the insured must establish before benefits begin or are paid out.
Period during which the insured incurs eligible medical expenses to satisfy a deductible.
The time between the purchase and pay out period of a deferred annuity. Also called Growth Period.
The period between the contract holder's purchase of a deferred annuity and the onset of the annuity's payout period.
Specified period during which the insured must incur eligible medical expenses that satisfy a required deductible.
The period of time between when the annuity is issued and when the insurance company begins to make income payments to the annuitant. Interest earned or investment results experienced on the accumulated payments during this time are added to the account tax-deferred under current tax laws.
The period of time in a deferred annuity during which the purchase price is deposited with the insurer and accumulated at interest. It ends with the start of the liquidation period.
timeframe within a policy period in which deductible amounts are calculated.
In retirement parlance, the years when one is making regular contributions to a retirement plan or deferred annuity. The period is considered to end when the income payments begin.
The pre-determined amount of time that must pass before the benefits are to go into effect for the claimant.
The period during which premiums are payable on a deferred annuity.
The period of time, prior to retirement, during which an annuitant is making payments or investments in an annuity. Such payments will accumulate on a tax deferred basis.
The period when the owner of a deferred annuity makes payments into the contract and accumulates assets.
The period between the purchase of a deferred annuity and when the contract owner begins receiving funds.