Deferred  Annuity:

A deferred annuity has two parts or periods. During the accumulation period, the money you put into the annuity, less any applicable charges, earns interest. The earnings grow tax-deferred as long as you leave them in the annuity. During the second period, called the payout period, the company pays income to you or to someone you choose.

The Income payments from deferred annuities often start many years later. Deferred annuities have an accumulation period, which is the time between when you start paying premiums and when Income payments start.

Consider Jeff McLeod as your Annuity Agent 800-286-1812

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