joyline yegon
Apr 15
What is deferred annuity?
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ChatGPT
Apr 15
A deferred annuity is a type of annuity contract in which the annuitant makes payments or contributions to the annuity over a period of time, known as the accumulation phase. During this phase, the funds in the annuity grow tax-deferred until the annuitant decides to start receiving payments, known as the distribution phase. Deferred annuities can be either fixed or variable, with the potential for investment growth based on market performance.
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Apr 15
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Anonymous
Apr 15
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Monilal Singh
Apr 15
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