Annuities FAQs: Deferred Income Annuities
How soon can you start receiving income?
The standard minimum deferral period is usually two years from the date the policy is issued. However, the flexible income start date feature of the product often allows the customer to begin the start of income payments on any date at least 13 months after the latest premium payment.
When and how often can you make additional premium payments?
In most cases, you can make additional premium payments any time up to two years before the income start date. There may be a minimum dollar amount for these additional premium payments, but please refer to the product materials for more information.
How are rates calculated for additional premiums?
With each additional premium payment, you secure incremental future income based on the payout rate in effect at the time you make the premium payment.