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Sagot :
Deferred fixed annuity is a type of guaranteed-minimum annuity guarantees the purchaser a stated amount of monthly income for life in exchange for agreeing to pay a minimum number of years.
What is deferred annuity?
Deferred annuity refers to the annuity in which an annuity provider will pay some amount of income to the holder on a future date in exchange of lump-sum.
Deferred fixed annuities mainly offer a guaranteed rate of interest over a specific period of time.
Basically, there are two types of deferred annuity namely deferred fixed and deferred variable annuity.
Learn more about deferred annuity here:-
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