This weekend I visited my family back in Cincinnati and got to meet my Dadâs new iPad for the first time. I donât have enough money for this fancy technology so Iâve never really used an iPad before.
Deferred Annuities. A deferred annuity grows tax deferred until the contract is annuitized (put into a payment stream) or surrendered (paid out as a lump sum). This type of annuity is a vehicle for accumulating savings for a future goal, such as retirement, and eventually distributing the value.
A Deferred Annuity With Flexible, Ongoing Payment Options. The Flexible Premium Deferred Annuity is a flexible-premium, deferred annuity that accepts ongoing deposits of as little as $50 per month. There is a one-year interest rate guarantee period on each deposit, which secures the crediting rate for that duration.