Deferred Annuity and Immediate Annuity

Income that will last you as long as you live

Deferred Annuity? Immediate Annuity? What do these terms mean? Life Insurance pays a death benefit to your beneficiary upon your passing away. Annuities pay you while you’re living. Annuities can be paid in one premium or build up deferred income (deferred annuity) unless you begin to draw on the money immediately. That’s why you’ll hear people talking about deferred or immediate annuities. Annuities can be structured so that income can continue for as long as you live, yet still provide income to your survivors after you pass on. Think of it as a way to supplement social security and your other retirement monies coming in.