What Does Deferred Group Annuity Mean?

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What does Deferred Group Annuity mean? Read on to discover the definition & meaning of the term Deferred Group Annuity - to help you better understand the language used in insurance policies.

Deferred Group Annuity

Deferred Group Annuity

A retirement plan under which a paid-up annuity is purchased each year for each employee. The sum of these benefits is paid as monthly income at the time of retirement.

We hope the you have a better understanding of the meaning of Deferred Group Annuity.

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