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 DEFERRED is withheld for or until a stated time. How to use deferred in a sentence.
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?
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 ...
an annuity that starts at the end of a specified period or after the annuitant reaches a certain age. Discover More Example Sentences This Deferred Annuity may either be purchased in one sum, or by a yearly payment over that given term. From Project Gutenberg There may, indeed, be another ...
This depends on the terms of the annuity’s contract. Some annuities stop payments when the holder dies, while others divert payments to the late contract holder’s spouse or family. What happens to an annuity’s remaining funds when the contract holder dies can be decided by each investor ...
An employer's payment for a health club membership is also included in gross income, as are payments to an employee in the form of stock. An amount contributed by an employer to a pension, qualified stock bonus, profit-sharing, Annuity,or bond purchase plan in which the employee ...
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Deferred annuities often include adeath benefitcomponent. If the owner dies while the annuity is still in its accumulation (savings) phase, theirheirsmay receive some or all of the account's value. If the annuity has entered the payout (income) phase, however, the insurer may simply keep th...
Types of Annuities There are many variations of an annuity, but they can be boiled down to two basic types: A deferred annuityis often used as a retirement savings vehicle.The annuitant invests money regularly over time in return for a stream of annuity payments at some point in the future...