Exam term
Deferred income annuity
A paid-up deferred annuity that uses each premium to buy a fixed future income beginning on a set date. It keeps no account value and costs much less than an immediate annuity for the same income.
Exam term
A paid-up deferred annuity that uses each premium to buy a fixed future income beginning on a set date. It keeps no account value and costs much less than an immediate annuity for the same income.