Insurance   A layperson's glossary of insurance terminology.

#ABCDEFGHIJKLMNOPQRSTUVWXYZ

what is...
DEFERRED ANNUITY
An annuity contract that is purchased either with a single tax-deferred premium or with periodic tax-deferred premiums over time. Payments begin at a predetermined point in time, such as retirement.
ALSO SEE: FIXED ANNUITY, ANNUITIZATION, ANNUITY

    Courtesy of the Insurance Glossary
    Copyright © 2006 by 20/20 Technologies