In relation to annuities, what does “liquidation period” refer to?

A. Period between the purchase of annuity and commencement of payments

B. Period during which the insurer makes annuity payments

C. Time taken to build up the corpus

D. Insolvency period

Answer: Option B

Solution(By Examveda Team)

“Liquidation period” refer to period during which the insurer makes annuity payments.