BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A deferred annuity is a contract with an insurance company that promises to pay the owner a regular income, or a lump sum, at some future date. Investors often use deferred annuities to supplement their other retirement income, such as Social Security.

Detailed explanation-2: -A deferred annuity is an insurance contract that generates income for retirement. In exchange for one-time or recurring deposits held for at least a year, an annuity company provides incremental repayments of your investment plus some amount of returns.

Detailed explanation-3: -An ordinary annuity is an annuity in which the cash flows, or payments, occur at the end of the period.

Detailed explanation-4: -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-5: -A deferred annuity is an insurance contract that promises to pay the annuity owner either a lump sum or a regular income at some future date. People frequently buy deferred annuities to supplement Social Security benefits and other income streams in retirement.