Summary of Deferred Annuities

Annuities, in general, can be a great way to build additional income for retirement. Deferred annuities permit you to pay premiums over a period before payouts are received. There are a number of payout options available. A distinct benefit in most of the payout options is the ability to receive an income stream for as long as you live—income you cannot outlive. In addition, there are some distinct probate and tax advantages to deferred annuities as well. But penalties for early withdrawal of your capital make deferred annuities an option that is best for long-term investors.