Deferred Annuity 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 annui...
Welcome to our Finance category, where we provide in-depth insights into different financial tools and strategies. In this blog post, we’ll be exploring the world of deferred annuities. If you’ve ever wondered what a deferred annuity is, the different types available, and how they work, yo...
firms in the real estate industry, with the exception of real estate investment trusts, which typically do not pay taxes. Deferred Annuity An annuity providing for income payments to commence at a specified future time. Related to : financial, finance, business, accounting, payroll, inventory, in...
deferred annuity Also found in:Financial,Wikipedia. n (Insurance) an annuity that commences not less than one year after the final purchase premium. Compareimmediate annuity Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000,...
annuity inFinance topic From Longman Dictionary of Contemporary Englishan‧nu‧i‧ty/əˈnjuːəti$əˈnuː-/noun(pluralannuities)[countable]afixedamountof money that is paid each year to someone, usually until theydieExamples from the Corpusannuity•Thefinalbreachgrewfrom Southey...
Deferred annuities come in several different types—fixed, indexed, and variable—which determine how their rates of return are computed. Withdrawals from a deferred annuity may be subject to surrender charges as well as a 10% tax penalty if the owner is under age 59½.1 ...
Even a well-caffeinated person with an advanced degree in math would have a hard time deciphering a 53-page contract called “Your Flexible Premium Indexed and Declared Interest Deferred Annuity Policy.” FromNew York Times Word of the Day...
In the case of deferred annuities, this is often referred to as the accumulation phase. The second phase is triggered when the annuity owner asks the insurer to start the flow of income. This is referred to as the payout phase. Some annuities will not allow you to withdraw additional ...
annuity. Single-premium deferred annuity An insurance policy bought by the sponsor of a pension plan for a single premium. In return, the insurance company agrees to make lifelong payments to the employee (the policyholder) when that employee retires. ...
Delayed annuity is a type of annuity contract in which the payments to the annuitant are deferred for a certain period. It provides an opportunity for the annuitant to accumulate funds over time and enjoy a steady stream of income in the future. ...