Not exact matches
Until i read your
post i'd interest to start investing for
retirement life but no clear picture as you've shown in
phases.
Accumulation
phase is the time during which you can regularly pay premiums of your LIC to get income
post retirement in the form of pension.
Pension plan assures a regular income
post retirement when you enter the no - more - paychecks
phase of your life.
Post retirement, you enter the distribution
phase and receive payment from the pension plan.