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During the _____________ phase of a deferred fixed annuity, a specified interest rate is credited for a period of time. During the ______________ phase, the

During the _____________ phase of a deferred fixed annuity, a specified interest rate is credited for a period of time. During the ______________ phase, the client may receive a lump sum payment or a stream of regular payments, based on the contract value at the time this phase begins.

A. Income/Accumulation

B. Accumulation/Income

C. Payout/Deferral

D. Accumulation/Deferral

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