What does FPDA mean? Read on to discover the definition & meaning of the term FPDA - to help you better understand the language used in insurance policies.
A flexible premium deferred annuity 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 FPDA.