What is the Definition of Deferred Annuity?

What is the Definition of Deferred Annuity?

An annuity contract, also referred to as an investment annuity, that is purchased either with a single tax-deferred premium or with periodic tax-deferred premiums over time. Payments begin at a predetermined point in time, such as retirement. Money contributed to such an annuity is intended primarily to grow tax-deferred for future use.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Insurance?

What is the Definition of Deferred Annuity?

What is the Definition of Deferred Annuity?

Check out other definition of insurance terms below:


What is the Meaning of ANNUITY DEATH BENEFITS In Insurance Terms?

The guarantee that if an annuity contract owner dies before annuitization (the switchover from the savings to the payment phase) the beneficiary will receive the value of the annuity that is due.


What is the Meaning of ANNUITY INSURANCE CHARGES In Insurance Terms?

Covers administrative and mortality and expense risk costs.


What is the Meaning of ANNUITY INVESTMENT MANAGEMENT FEE In Insurance Terms?

The fee paid for the management of variable annuity invested assets.


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