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.
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
New Variable Annuities from Charles Schwab
Charles Schwab recently teamed up with Protective Life Insurance Company to launch two new variable annuity products. The Schwab Genesis …
Top Annuity Picks for the New Year
The end of the calendar year is a time when many of us choose to assess the state of our …
Hands Down, Select Annuities Today Are Better Than CDs
Most of the time, folks weighing the purchase of an annuity ask all kinds of questions. Which type of annuity …
Annuity Sales Trends
If you watch financial news headlines you may have seen recent stories about a slump in annuity sales. However, the …
Prudential to Halt Sales of Variable Annuities with GLWB
Prudential Financial has announced that they will no longer sell variable annuities with guaranteed living benefits in response to the …
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
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 …
Consider a Longevity Annuity If You’re Concerned About Outliving Your Savings
It’s well known that many retirees and pre-retirees are concerned about the possibility of eventually…
Investments + Annuities = Healthy Retirement?
Many advisers still treat annuities and investments as apples and oranges–that is, not to be mixed up in a…
Conservative Annuity Buyers Turning To Split Annuity Strategy
Even when the stock market does its volatility dance, owners of conservative annuities don’t have to be concerned…
One Man’s Do-It-Yourself Retirement Plan
Baltimore radiologist Dimitri Merine hopes to retire in seven years, at age 63. So he created a do-it-yourself retirement…
The Right Way to Evaluate a Deferred Income Annuity
Articles about deferred income annuities (DIAs) frequently look at them through the “investment frame” and focus…
Criteria for Evaluating Deferred Income Annuities
When evaluating deferred income annuities, Annuity FYI looks for features and fees of the annuity itself…
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