In relation to annuities, what does “liquidation period” refer to?
A
Period between the purchase of annuity and commencement of payments
B
Period during which the insurer makes annuity payments
C
Time taken to build up the corpus
D
Insolvency period
Correct Answer: Period during which the insurer makes annuity payments
“Liquidation period” refer to period during which the insurer makes annuity payments.