Definition: 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).
The term 'deferred' means that you'll defer your income payments. Contrast a dferred annuity with an immediate annuity.
Do not confuse the timing of payments from a deferred annuity with tax deferral.
Return to the Annuities Overview page.
Examples:
I bought a deferred annuity.
