Jul 05
Each one has their own unique features that make them appealing to different people depending on their financial needs. For instance, the immediate annuity is normally used by investors that have suddenly received a large amount of money they that they now need to manage. The deferred annuity is often the choice used when planning for your future retirement. So exactly what are deferred annuities? A deferred annuity will delay the date when your income installments begin. The money you invest will build in value over time so it can be converted into income later.