What is a Deferred Income Annuity?

A deferred income annuity (“DIA,” and also sometimes referred to as a longevity annuity), is a contract between you and an insurance company. You give a lump-sum payment to the insurance company in exchange for guaranteed lifetime income that begins at a future date, up to forty years later in some cases. Deferred income annuities can serve as a sort of pension for those investors without an employer’s defined benefit plan.

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ANNUITY FYI’S TOP DIA PICKS

Company	Product Name
	Safe Income Plus
	Deferred Income Protector
	Guaranteed Income Builder
	Deferred Income Solutions
	Guaranteed Future Income Annuity II
	SecureFuture Income Annuity

FROM OUR BLOG

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Pacific Life Offers New Annuity Benefit

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Fixed Annuities: Facts vs Fears

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ADVISOR INSIGHT

“A deferred income annuity is a plan that will help you create a stable income stream for the future. These plans are the equivalent of buying a pension for yourself, or yourself and your spouse. With these plans, you are giving up your principal in exchange for an income stream for life or a set period of time. These plans are growing in popularity due to the fact that pensions are not as prevalent as they have been in the past.”

Andrew Murdoch, Certified Financial Planner™

licensed financial professional

ARTICLES & GUIDES

Some DIAs allow buyers to make multiple contributions to their account before the income stream start date arrives. Some also allow you to change the dates in which payments begin. Still others offer a cost-of-living adjustment as an option, although this would only make sense if longevity is on your side.

This May Be a Good Time to Buy a Deferred-Income Annuity

Economic growth, the rate of job creation, incomes, and the stock market have all been improving, but this doesn’t mean the good times will roll indefinitely amid an exceedingly old economic expansion …