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.
The Secure Start (Flexible-Premium Deferred) Annuity allows you to make flexible premium payments into the contract, subject to the defined first-year minimum and tax-year maximum. Your interest rates are banded, and a one-percent first-year interest bonus is provided for initial contributions of $3,000 or more.