
A single premium deferred annuity is similar to a single premium immediate annuity except that payments will start at a later date usually after one year and is also purchased using a single deposit. Few savings or investment programs offer the security and tax deferred income.
The single premium deferred annuity is an interest earning contract between you, the investor and the insurance company. In return for the initial deposit, the insurance company promises to pay you the investment plus the occurred interest on the maturity date of the annuity. You may choose to have the interest rate fixed in the form of a fixed annuity for the life of the contract or reset periodically as an indexed annuity.
To get complete information about a single immediate annuity contact Florida Affordable Insurance today, by phone or take a moment to fill in the contact form on the left hand side of this page and representative will contact you shortly.
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