BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A deferred annuity is a financial transaction where annuity payments are delayed until a certain period of time has elapsed.

Detailed explanation-2: -Difference between immediate annuity and deferred annuity In the case of an immediate annuity plan, you start receiving a regular income immediately after investing your money. However, in the case of a deferred annuity plan, the payouts begin after the deferment period comes to an end.

Detailed explanation-3: -Annuity Types by Term Term Deferred Annuities. A term deferred annuity is one that eventually turns your balance into a set number of payments, like over five years or 20 years. If you die during the term, the payments continue to your heirs. Once the term ends, though, the payments stop, even if you’re still alive.

Detailed explanation-4: -An immediate annuity begins paying out as soon as the buyer makes a lump-sum payment to the insurer. A deferred annuity begins payments on a future date set by the buyer.