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
An annuity in which the annuitant does not begin to receive payments until some future date. A deferred annuity has two phases: a savings phase and an income phase. During the savings phase, the annuitant places money into the annuity, which invests it on behalf of the annuitant. In the ...
deferred annuity noun an annuity that starts at the end of a specified period or after the annuitant reaches a certain age. Discover More Example Sentences A deferred annuity’s primary advantage is tax deferral, which an IRA already offers....
The meaning of ANNUITY is a sum of money payable yearly or at other regular intervals. How to use annuity in a sentence. Did you know?
Wells Fargo’s February settlement with the Justice Department includes a deferred prosecution agreement that’s contingent on the bank “continuing to cooperate with further government investigations.” FromFortune More than a century of deferred work, however, means it’s hard to get into places th...
— immediate annuity : 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 annuitan...
deferred annuity deferred maintenance deferred payment deferred sentence deferrer defervesce defervescence defervescent defeudalize deffo defi defiance defiant defiantly defiantness ▼ Full browser ? ▲ Defensive Team by Committee Defensive Weapons System Defensive Weapons System Maintenance Trainer Defensive We...
Tax-Deferred Income Anyincomethat oneearnsbut does not receive until a later date, resulting in a situation in which taxes on the income are not paid until later. Common examples of tax-deferred income fall into two broad categories. The first is income in certain retirement accounts; the acc...
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...
Annuity due is an annuity with payment due at the beginning of a period instead of at the end. See how to calculate the value of an annuity due.