An annuity that commences only after a lapse of some specified time after the final purchase premium has been paid.
- ‘Generally speaking, there are two primary ways annuities are constructed and used by investors: immediate annuities and deferred annuities.’
- ‘However, it is possible for Robert to put forward proposals to offset this loss by, for example, a deferred annuity or insurance policy.’
- ‘If there is not enough money to fund everyone's scheme, then you may be required to buy a deferred annuity.’
- ‘Unlike deferred annuities, which people use to save for retirement, income annuities are for parceling out money already accumulated.’
- ‘This means that I will receive a pension of 38% of what I am entitled to if I leave it to them to buy a deferred annuity on my behalf.’