Deferred Income annuity means the “Annuity” will start at a future date.
The period of time deferred is used to save money in an annuity program and at the end of the period, the Annuity starts for life.
When you buy a “Deferred Income Annuity’ you guarantee yourself that the money will never go dry as long as you live.
An example of Deferred Income Annuity with Life Insurance.
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