What are the two distinct phases of a deferred annuity

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What are the two distinct phases of a deferred annuity?

A. Waiting and Starting phases

B. Loading and Unloading phases

C. Accumulation and Payout phases

D. Commutation and Continuation phases

Answer: Option C

Solution (By Examveda Team)

Accumulation and Payout phases are the two distinct phases of a deferred annuity. A deferred payment annuity is an insurance product that provides future payments to the buyer rather than an immediate stream of income.

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