Articles Index

Deferred Annuity - Definition of Deferred Annuity

Deferred annuities are annuities that do not make payments until later. You put money into a deferred annuity expecting to let it grow inside the contract for several years (or more).

Immediate Annuity - Definition of Immediate Annuity

An immediate annuity makes income payments immediately, or very soon after purchase. You use an immediate annuity when you want to start taking income as soon as possible.