Last updated: October 20, 2026
Quick Answer
Others begin at some later date you choose (a deferred annuity). The income payments from a deferred annuity often start many years later.
Questions & Answers
| Question | Answer |
|---|---|
| How many parts or periods does a deferred annuity have? | A deferred annuity has two parts or periods. |
| What is a deferred annuity’s accumulation period? | Deferred annuities have an accumulation period, which is the time between when you start paying premiums and when income payments start. |
| What happens in a deferred annuity’s payout period? | During the second period, called the payout period, the company pays income to you or to someone you choose. |
Related Questions
Large Print Version
What is a deferred annuity?
Others begin at some later date you choose (a deferred annuity). The income payments from a deferred annuity often start many years later.
How many parts or periods does a deferred annuity have?
A deferred annuity has two parts or periods.
What is a deferred annuity’s accumulation period?
Deferred annuities have an accumulation period, which is the time between when you start paying premiums and when income payments start.
What happens in a deferred annuity’s payout period?
During the second period, called the payout period, the company pays income to you or to someone you choose.
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Educational content provided by Jeffrey Scott McLeod, LUTC, National Insurance Producer License #558629. This is for informational purposes only and is not a recommendation to buy or sell any annuity. Guarantees are subject to the claims-paying ability of the issuing insurance company. Always consult your own advisor and read the full NAIC Buyer’s Guide. For residents of your state. Jeffrey Scott McLeod, LUTC — National Producer #558629. Questions? Contact Jeff@AnnuitiesExplained.org.