Define deferred annuity. deferred annuity synonyms, deferred annuity pronunciation, deferred annuity translation, English dictionary definition of deferred annuity. n an annuity that commences not less than one year after the final purchase premium. Comp
Definition of Deferred-annuities Deferred-annuities Tax-advantaged life insurance product. deferred annuities offer deferral of taxes with the option of withdrawing one's funds in the form of life annuity. Related Terms: Contingent deferred sales charge (CDSC) The formal name for the load of a...
deferred annuity An annuity that is not scheduled to begin payments until a given date. These annuities may be purchased with a single payment or, as is more often the case, with a series of periodic payments. Deferred annuities are most commonly purchased by individuals who want to make peri...
Types of Deferred Annuities Deferred annuities can be broadly categorized into two types: fixed annuities and variable annuities. Let’s take a closer look at each: 1. Fixed Annuities: Fixed annuities provide annuity owners with a guaranteed rate of return over a specific period. The rate of re...
: an annuity purchased with a single premium in which payment of benefits begins within the first payment interval (as within a year) compare deferred annuity in this entry — joint-and-survivor annuity : an annuity payable as long as any of the two or more annuitants remains alive call...
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(Irish Republican Army) A militant nationalist organization striving for a united independent Ireland through increasingly terrorist means; responsible for many civilian deaths both in Britain and Northern Ireland. Considered the military wing ofSinn Fein, it is also called Provisional IRA. ...
All three types of deferred annuities grow on a tax-deferred basis.2 The period when the investor is paying into the annuity is known as theaccumulation phase(or savings phase). Once the investor elects to start receiving income, thepayout phase(or income phase) begins. Many deferred annuiti...
Life Annuities: From Immediate to Deferred This chapter develops a methodology for valuing simple cash-flow streams that last a lifetime, which are part of most Defined Benefit (DB) pensions. The focus is on the longevity-contingent building blocks of: (1) immediate, (2) temporar... MA Mi...
While life annuities are often used to provide or supplement retirement income, they are also used as a payment method in structured settlements and for lottery winners. For instance, if someone wins a lawsuit, they may be provided with a series of fixed, regular payments to the beneficiary.Lo...