What does Deferred Annuity mean? Read on to discover the definition & meaning of the term Deferred Annuity - to help you better understand the language used in insurance policies.
A deferred annuity is an annuity wherein the policyholder receives payments at a specified future date after paying into the annuity for a number of years. In the context of insurance, many life insurance companies offer annuities on certain policies as an investment vehicle. These annuities can be used to supplement retirement income.
We hope the you have a better understanding of the meaning of Deferred Annuity.