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deferred annuity

   Also found in: Financial 0.01 sec.
deferred annuity
n
(Business / Insurance) an annuity that commences not less than one year after the final purchase premium Compare immediate annuity


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The newest products merge a fixed deferred annuity with LTCI.
A few years after Ezra retires, he expects he'll buy a deferred annuity, a product he highlights in his new book, The Retirement Plan Solution: The Reinvention of Defined Contribution.
If the investor doesn't need immediate cash flow, these monies could be invested into yet another deferred annuity contract.
 
 
 
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