this type of guaranteed-minimum annuity guarantees the purchaser a stated amount of monthly income for life in exchange for agreeing to pay a minimum number of years.

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07-09-2022
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this type of guaranteed-minimum annuity guarantees the purchaser a stated amount of monthly income for life in exchange for agreeing to pay a minimum number of years.

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MonikaVT12idn MonikaVT12idn · Answer 1 · 2022-09-18T23:54:42-04:00

Deferred fixed annuity is a type of guaranteed-minimum annuity guarantees the purchaser a stated amount of monthly income for life in exchange for agreeing to pay a minimum number of years.

What is deferred annuity?

Deferred annuity refers to the annuity in which an annuity provider will pay some amount of income to the holder on a future date in exchange of lump-sum.

Deferred fixed annuities mainly offer a guaranteed rate of interest over a specific period of time.

Basically, there are two types of deferred annuity namely deferred fixed and deferred variable annuity.

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What is deferred annuity?

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