deferred nominal life annuity

deferred month
deferred option month

Definition

An annuity that may be purchased as long as the recipient is paid a fixed monthly payment for the remainder of their life. Annuity payments begin after retirement and the payment amount will not change over time, regardless of inflation.

Recommended Articles from InvestorGuide.com

Related Videos

Featured Advertiser

Nearby Terms

Popular 'Insurance' Terms

Browse by Letter: #ABCDEFGHIJKLMNOPQRSTUVWXYZ