deferred annuity

American  

noun

1. an annuity that starts at the end of a specified period or after the annuitant reaches a certain age.

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deferred annuity British  

noun

1. an annuity that commences not less than one year after the final purchase premium Compare immediate annuity

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Example Sentences

See Examples For:

deferred annuity

An immediate annuity begins making payments shortly after you purchase it, typically within a year, whereas a deferred annuity begins payments at a later date.

From MarketWatch ● Sep. 30, 2026

You have roughly $700,000 — about 46% of your financial assets — in CDs, savings, Series I bonds, cash and your deferred annuity.

From MarketWatch ● Sep. 8, 2026

T. Rowe Price Group launched a fund in January for retirees that delivers a 7.5% payout rate on the balance invested, until deferred annuity payments start 15 years later.

From The Wall Street Journal ● Dec. 3, 2025

State Street’s IncomeWise lets older workers put up to 25% of their nest egg into a deferred annuity that starts payments at age 78, providing a higher income than an immediate annuity.

From The Wall Street Journal ● Dec. 3, 2025

She purchased a deferred annuity of one hundred pounds to begin in April, 1850.

From Harriet Martineau by Florence Fenwick Miller