An annuity contract, also referred to as an investment annuity, that is purchased either with a single tax-deferred premium or with periodic tax-deferred premiums over time. Payments begin at a predetermined point in time, such as retirement. Money contributed to such an annuity is intended primarily to grow tax-deferred for future use.

"Deferred Annuity" In Context

"Standard Insurance Company (“The Standard”) is expanding its annuity product portfolio with the new Index Select Annuity (ISA), a single premium indexed deferred annuity. With the highest interest rate cap offered by The Standard ..."