Annuity premiums are paid to the insurance company during the accumulation period.

Name: Annuity premiums are paid to the insurance company during the accumulation period.
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Quizplus · Accepted Answer

Annuity premiums are indeed paid to the insurance company during the accumulation period, which is the period of time when the annuity is being funded. This can be done through regular payments or a lump sum, depending on the type of annuity.

Annuity Premiums Are Paid to the Insurance Company During the Accumulation