What is Vesting Date
Definition: Vesting date is the date from which the annuity holder starts receiving the policy benefits of a regular stream of income. This date marks the end of the accumulation phase and the start of the distribution phase of the annuity plan.
Description: At the vesting date, the annuity holder stops making contributions to the policy. After this, the policy holder is entitled to receive benefits in the form of a regular flow of income. The flow of income is dependent on the return from the investment made by the insurer on different assets.
Description: At the vesting date, the annuity holder stops making contributions to the policy. After this, the policy holder is entitled to receive benefits in the form of a regular flow of income. The flow of income is dependent on the return from the investment made by the insurer on different assets.
