Ads
related to: deferred annuity meaning
Search results
Results from the WOW.Com Content Network
A deferred annuity is a contract that you can purchase from an insurance company. In exchange for a lump sum payment or a series of payments, called the premium, the insurance company agrees to pay...
Others are deferred annuities, meaning that payments begin at some point in the future, as stipulated in the annuity contract. Pros and cons of annuities. Like any source of retirement income ...
An annuity that begins payments only after a period is a deferred annuity (usually after retirement). An annuity that begins payments as soon as the customer has paid, without a deferral period is an immediate annuity. [citation needed]
An annuity provides tax-deferred growth on the funds you add to it. This means you won't pay annual taxes on dividends, interest or capital gains that build up inside your annuity.
In the United States, an annuity is a financial product which offers tax-deferred growth and which usually offers benefits such as an income for life. Typically these are offered as structured products that each state approves and regulates in which case they are designed using a mortality table and mainly guaranteed by a life insurer.
A deferred annuity provides income payments at a later date, often years in the future. This is a popular option for individuals who want to save for retirement and defer the income payments until ...
Ads
related to: deferred annuity meaning