What Is A Deferred Fixed Annuity?
A deferred fixed annuity is an annuity program in which the rate of interest is fixed. That means, you make a steady increase in the amount of the annuity per month. You can opt for either a single premium plan, in which you will pay the same amount of premium month after month, or you can use a flexible premium plan, where you can make additional premiums if you want in a particular month. The benefit of a deferred fixed annuity is that the interest rate is better than what the banks offer on investments.
