A Deferred Annuity is a type of annuity that allows you to defer payments until a later date. This can be beneficial if you want to wait to receive payments until you retire, for example. With a deferred annuity, you can choose to receive payments for a set period of time, or for the rest of your life.There are two types of deferred annuities: fixed and variable. With a fixed deferred annuity, you will know exactly how much money you will receive each month. With a variable deferred annuity, the payments you receive will depend on the performance of the investments you choose.
