A non-qualified annuity can be established either as an immediate or a deferred annuity. A large one-time payment, otherwise known as a single premium, is likely to be used to fund a non-qualified immediate annuity.
In contrast to conductors, insulators are materials that impede the free flow of electrons from atom to atom and molecule to molecule. If charge is transferred to an insulator at a given location, the excess charge will remain at the initial location of charging.
A material that does not easily transmit energy, such as electric current or heat. Materials such as wood, plastic, and ceramics are insulators. Fiberglass is an example of a heat insulator. (Compare conductor.)