Accumulation Period. Accumulation Account. Unit Investment Trust.

Accumulation Period:

In a variable annuity, the time when the client is contributing money into the annuity and purchasing accumulation units.

Accumulation Units:

An accounting measure that represents a contract owner’s proportionate unit of interest in a separate account during the accumulation period of a variable annuity.

Unit Investment Trust:

A type of investment company in which a portfolio is purchased and held with little or no change to the investments. Commonly used with municipal bond investments.