;)
What Is A Fixed Deferred Annuity?
Posted by GuestPoster in Personal Finances
A question that many people ask is what exactly is a fixed deferred annuity and how is it different than other annuities? Many insurance companies offered the fixed deferred annuity as their primary annuity product. This type of annuity is a contact that provides the annuitant a fixed income over a period of time determined by the contact. Because it is a fixed payment amount it is referred to as a fixed annuity.
The deferred portion of this financial product relates to the time period in which payments are made to the account’s annuitant. Fixed deferred annuities are directly opposite of immediate fixed annuity contracts. Rather than having distributions from the account start immediately, the payments are deferred to a later period of time, and are determined at the time of the contract.
;)
;)
;)
