What Is a Deferred Annuity

Chris-Magnussen-17-What is a deferred annuity_

Christopher Magnussen explains that a deferred annuity provides income in the future, allowing the invested money time to grow and compound for potentially higher payouts.
Video Transcript

A deferred annuity is an annuity that

is going to be offering income down the road

instead of immediately, the benefit of that

is you have the additional time to let that money work for you

and compound offering a higher income

or a rate of return when that income starts.