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
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?
Example Sentences 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 ge...
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....
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 ...
— 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...
cap in handSubmissively; with a deferential air or manner. The phrase alludes to the image of a rustic or servant who self-consciously and humbly takes off his cap and holds it, usually against his chest, while speaking to someone of higher social status. ...
This means that whether you’ve used up your total deductible in the past year or not, at the start of next year, the amount will restart to what is stated in the plan. To better comprehend what a deductible is and how it works, let’s take a look at an example. ...
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...
An annuity due is an annuity with a payment due immediately at the beginning of each period. A common example of an annuity due payment is rent, aslandlordsoften require payment upon the start of a new month as opposed to collecting it after the renter has enjoyed the benefits of the apar...