First determine what type of annuity you have ...
An annuity is an insurance contract you purchase to receive payments for a specific period, such as 30 years, or for the rest of your life. By applying a mathematical formula consisting of variables ...
Learn what annuities are, how fixed, variable, indexed, immediate, and deferred annuities work, and how they can help provide steady retirement income.
A deferred income annuity, which is sometimes referred to as a “longevity annuity” (DIA) or an advanced life deferred annuity (ALDA) – is an annuity contract that (generally) provides no cash value or ...
A fixed deferred annuity is a deferred annuity (i.e., one in which regular annuity payments may be deferred), the value of which is represented in fixed units (U.S. Dollars) rather than variable units ...
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What Is a Deferred Annuity?
A deferred annuity is a long-term contract with an insurance company that provides future income–often for life–in exchange for premium payments, with options like fixed, variable, and indexed types ...
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