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deferred annuity

noun

  1. an annuity that starts at the end of a specified period or after the annuitant reaches a certain age.


deferred annuity

noun

  1. an annuity that commences not less than one year after the final purchase premium Compare immediate annuity
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Example Sentences

A deferred annuity’s primary advantage is tax deferral, which an IRA already offers.

If she purchased a deferred annuity, though, she has more options.

Your wife won’t face taxes if she switches from a deferred annuity to a CD, since changing investments within an IRA isn’t considered a taxable event.

Reader is thinking about buying a three-year deferred annuity; expensive home would give owner leeway in a reverse mortgage.

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.”

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