The Annuity Life Cycle (Phases) An annuity has two phases: accumulation and payout. The accumulation phase begins when you purchase and fund the annuity. You can fund it with a lump sum or with ...

With some annuities, the payment ends with the death of the annuitant, but others provide for payment to a spouse or other beneficiary.

A deferred annuity is a long-term contract with an insurance company that provides future income—often for life—in exchange ...

Before purchasing an annuity, it’s important to understand how these products work. Annuities are contracts issued and distributed by an insurance provider. They have two different phases ...

These income payments are funded with money invested by the holder of the annuity during an earlier period known as the accumulation phase. An individual can fund an annuity with a single ...

I like to break up the annuity “world” into several segments, each of which has its own uses and may be implemented for people at different stages in life. I think of these as the old-school ...