After completing a thorough needs analysis, Dimitri, an insurance agent with Health Assure, recommends that...

Deferred annuities have two main phases: the accumulation phase and the investment phase. During the accumulation phase, the client makes contributions to the annuity, which are then invested to grow over time. Once the accumulation phase ends, the funds can be converted into an income stream during retirement​.

Dimitri’s recommendation aligns with the structure of a deferred annuity, where Chandler contributes over time (accumulation) before receiving regular payments (investment), often providing a reliable retirement income. The LLQP training material details how deferred annuities offer tax-deferred growth during the accumulation phase, which then transitions into regular income in retirement​.

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