deferred annuity

American  

noun

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

---

deferred annuity British  

noun

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

---

Example Sentences

A deferred annuity’s primary advantage is tax deferral, which an IRA already offers.

From Los Angeles Times

If she purchased a deferred annuity, though, she has more options.

From Los Angeles Times

Your wife won’t face taxes if she switches from a deferred annuity to a CD, since changing investments within an IRA isn’t considered a taxable event.

From Los Angeles Times

Reader is thinking about buying a three-year deferred annuity; expensive home would give owner leeway in a reverse mortgage.

From Seattle Times

Even a well-caffeinated person with an advanced degree in math would have a hard time deciphering a 53-page contract called “Your Flexible Premium Indexed and Declared Interest Deferred Annuity Policy.”

From New York Times