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6:34
YouTube
Insurance Prescription
Annuitization & Settlement: What Happens With An Annuity Contract?
The transition between an annuity's "pay-in" (or accumulation / funding) phase and its payout (or "decumulation") phase is marked by an event referred to as "annuitization" or "settlement." What do these terms mean? Are they different? How do they relate to one another? And what actually occurs when an annuity is annuitized or settled? In this ...
489 views
Apr 17, 2021
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