What Does Flexible Premium Deferred Annuity Mean?

Free Business Insurance Quote Click Here
What does Flexible Premium Deferred Annuity mean? Read on to discover the definition & meaning of the term Flexible Premium Deferred Annuity - to help you better understand the language used in insurance policies.

Flexible Premium Deferred Annuity

Flexible Premium Deferred Annuity

A flexible premium deferred annuity (FPDA) is a retirement plan that allows choice in the mode of payment and payout. It guarantees an annuitization that is not less than the total amount of payments, and the taxes are deferred until payout.

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

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z


Free Business Insurance Quote Click Here