deferred annuity

Definition of "deferred annuity"
  1. A type of annuity that holds off on the distribution of benefits until a specific point, normally at the time of retirement
How to use "deferred annuity" in a sentence
  1. The worker invested in a deferred annuity to ensure financial stability during retirement.
  2. Having a deferred annuity in your portfolio can offer tax advantages.
  3. As a part of her long-term financial plan, she chose to contribute to a deferred annuity.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z