10/03/2026
Deferred Annuity
Before we define Deferred Annuity we need to understand Annuity first. Annuity is when a fixed amount of money is paid to a person every year usually at retirement until they are alive.
A financial contract which allows buyers to accumulate funds for a short or long period of time so that the buyer receives payments over a later date which is normally just after the person has retired is known as Deferred Annuity. Sometimes people start to plan for retirement after their 50th birthday which is very late to start for a person who is due to retire at 60 years. However, in our country stress and job losses have made it imperative that people start planning for their retirement early. One of the first lessons I learnt in investing is that saving money should be started as soon as possible and retirement planning should be started from 35 to 40 years. After this a person can think of his/her retirement age and the annuity can start from this age.
Important points on Deferred Annuity are as follows:
The amount which is saved every year grows over a long period of time. It helps a person to get a stable and guaranteed income for life after retirement from a job or profession. Savings do not get exhausted when a person lives long. Income can be got monthly, quarterly, half yearly or yearly.
Lastly one can say that early planning for Deferred Annuity gives peace of mind, financial independence and stability whether a person is salaried, self-employed or an entrepreneur.
I also advise on detailed financial planning. For people who want complete Insurance and Financial planning please view my contact details given below.
Sukant Chakraborty
Financial and Insurance Advisor
Mobile number - 9341103915
You can join my whatsapp group whose whatsapp link is given below:
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