Advertising

Deferred annuity

• An annuity under which benefit payments do not begin when the annuity is purchased. In a typical deferred annuity, the individual accumulates money on a tax-deferred basis until retirement, then converts the accumulated value into income payments or withdraws it in a lump sum.

• An annuity contract that delays payments of income, installments, or a lump sum until the investor elects to receive them.

 
 

Follow this link for all the terms related to annuity.

 
 Embedded terms in definition
 Annuity
Basis
Contract
Income
Investor
 
 Related Terms
 

<< Deferred annuities Deferred call >>

Beware of fraud originating in phone messages and faxes: FDIC Consumer News has warned before about crooks who call or e-mail consumers and pretend to be legitimate companies or government agencies wanting people to "verify" or "resubmit" (divulge) confidential information such as bank account or credit card numbers as well as Social Security numbers, passwords and personal identification numbers. Here are variations to know about. More...

Life consists not in holding good cards but in playing those you hold well. - Josh Billings

Advertising



Copyright 2009-2019 GVC. All rights reserved.