Decumulation definition
Decumulation means the process of using policyholder’s fund to provide retirement income. This could involve purchasing an annuity to provide an income for life or leaving the fund invested and taking it out as one or more lump sums.
Decumulation means decumulation Class of Units which may, at our discretion, make distributions to Holders of such Class.
Examples of Decumulation in a sentence
There are no limitations to this service level Foundation Accumulation Service Wealth - Accumulation Service Wealth - Decumulation Service Wealth - Preservation Service Wealth - High Net Worth Service Review your long-term financial plan with you at least every year, including updating your goals and objectives.