Typically there is no accumulation period for an immediate annuity as they begin paying income immediately. Some immediate annuities require the owner/annuitant to wait 30 days before income commences, but there is no accumulation of cash during this period.
Deferred annuities would have an accumulation period, and this accumulation period can last almost indefinitely. Most deferred annuities have an accumulation period that lasts until the owner/annuitants age 95.
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Deferred annuities would have an accumulation period, and this accumulation period can last almost indefinitely. Most deferred annuities have an accumulation period that lasts until the owner/annuitants age 95.