Sentences with phrase «account during the accumulation phase»

Variable annuities provide that the premium is deposited into a separate account from the company's general portfolio account during the accumulation phase.

A withdrawal or surrender of an annuity account during the accumulation phase, which is usually around 7 years, will generally result in a surrender charge penalty from the insurance company.

Not exact matches

During the accumulation phase, the account will be set up to grow cash value based upon the formula selected by the annuity owner.

This guarantees that, should the investor die during the accumulation phase of the variable annuity, the account owner's beneficiary will receive at least the amount of the investor's contributions minus withdrawals or the current market value of the account.