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Sergeu [11.5K]
3 years ago
11

Your customer, age 46, has been investing money in a variable annuity for several years. He plans to stop the deposits to meet c

urrent financial obligations, but he does not intend to withdraw any of the funds already invested until retirement, which is still several years away. Until the withdrawals are made, the client will be holding
Business
1 answer:
HACTEHA [7]3 years ago
8 0

Answer:

accumulation units

Explanation:

Even though this customer will stop contributing money to his investment fund due to certain current financial obligations, he is still in the accumulation stage of the annuity. While a customer is in the accumulation stage, he/she is said to be holding accumulation units. Only after the client decides to start withdrawing funds, will the account be annuitized and the funds converted into annuity units.

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