Don’t worry about the taxes on the interest paid until the funds are withdrawn.
Sometimes called longevity insurance or a longevity Annuity, a Deferred Income Annuity (DIA) usually begins with a single, upfront payment and eventually pays a set amount starting at a given number of years after the policy is purchased.
Why Agents Offer Deferred Income Annuities
Insurance companies usually offer higher interest rates for these products. Because part of the principal is returned with each payment, clients receive larger amounts than they would be provided by interest alone.
Preferable Tax Treatment
How To Get Started
If you decide to offer Deferred Income Annuities, we recommend talking to someone from the Premier team of experts. They’ll provide answers to your questions, and have tools available to support your new product offering.
Give us a call today and ask for an Annuity Specialist: 800-365-8208.