Explore the intricacies of the accumulation and annuity phases in variable annuities, key components of the Series 6 Exam. Understand how contributions purchase accumulation units, the transition to annuity units, and the impact of market performance on income payments.
Understand how earnings within tax-deferred annuities accrue tax-deferred, the impact of contributions, and the role of non-qualified annuities in the accumulation phase.