by lakemen » Sat Jul 08, 2006 05:40 am
Deferred Annuity
An annuity contract under which premiums are accumulated at interest and the annuity income benefits begin more than one annuity period after the date on which the annuity is purchased.
An annuity contract under which premiums are accumulated at interest and the annuity income benefits begin more than one annuity period after the date on which the annuity is purchased.
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