Sentences with phrase «pay during the accumulation period»
The tax is usually less than you would pay during the accumulation period, because the pay out is usually less than the income you earn in your working years.
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The purchase price in an annuity plan is the combined value of the premiums you paid during the accumulation period of the plan.
Not exact matches
If an annuitant dies during the annuity accumulation period, the beneficiary receives the cash value of the annuity or the total premiums paid whichever is greater.