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.
Annuities can be either immediate or deferred. Northwestern Mutual is the second-largest deferred-income annuity provider in the U.S. 3. Northwestern Mutual's annuities are backed by a history of financial strength. 4 When there are guarantees provided by an annuity contract, you want to be sure that your money will be there when you need it most.