Definitions for "Annuity Period"
Keywords:  payout, span, benefit, contract, month
In a variable annuity, the time when the client is receiving benefits from the contract based on the number of units owned, payout option selected and the performance of the separate account. See also: Annuity Unit; Separate Account.
The time between each benefit payment made under an annuity contract.
The time span between each of the payments in a series of periodic annuity payments; for example, if benefits are payable monthly, then the annuity period is one month.