Some annuities will continue to pay a spouse or other beneficiary ...

A deferred annuity is a long-term contract with an insurance company that provides future income–often for life–in exchange for premium payments, with options like fixed, variable, and indexed types ...

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How Does a Deferred Annuity Work? A deferred annuity works much like most other annuities. You transfer money to an annuity provider that invests your cash according to the strategy and annuity type ...