Deferred annuity an annuity contract that delays payments of income, installments, or a lump sum until the investor elects to receive them.

递延年金延迟支付收入、分期付款或整笔付款，直至投资者选择收取的年金合约。

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An annuity can either be immediate or deferred: with a deferred annuity, you will not begin receiving payments for a certain period of time.

延缓年金就是说投资者要在一定时间后才开始获得收益。

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He proceeded to tell me proudly that he had sold more of a certain type of deferred annuity than anyone else in the U.S. Obviously, no matter what his clients need, they get a deferred annuity.

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So we will confine our discussion of the deferred annuity.

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The choice of annuities has long been built into TIAA-CREF retirement plans, and close to 50% of TIAA-CREF participants opt for a guaranteed deferred annuity as an investment option, allocating 40% of their contributions to the option.

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