Deferred Annuity

Deferred Annuity
A deferred annuity is an annuity in which payments do not start at once but either at a specified later date or when the policyholder reaches a specified age.
Deferred-Payment Annuity
A type of annuity contract where payments to the annuitant are postponed until a specified number of periods have elapsed, or until the annuitant reaches a certain age. Also known as a deferred annuity.

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