During which period would the insurance company typically NOT make a payment if purchase payments are halted by the owner?

The accumulation period is the stage during which the policyholder makes payments into their insurance policy, allowing their investment to grow based on the terms of the agreement. If the owner halts these purchase payments, the insurance company typically does not make any additional payments or distributions to the policyholder during this phase.

It’s essential to understand that during the accumulation period, the funds are being built up, and without continued contributions, the policy will not grow, nor will the insurance company be liable for payouts to the policyholder until certain conditions are met or the policy transitions out of this initial phase. Once payments are resumed or the policyholder reaches another defined period, different rules and payment structures may come into play.

In contrast, other periods referenced, such as the distribution, withdrawal, or payout periods, are specifically designed for managing funds and distributions to the policyholder, which is why they would allow for payments even if contributions were temporarily halted.