deferred annuity

Understanding Deferred Annuities in North Carolina Deferred annuities are a valuable financial tool that can help individuals secure their financial future. For residents of North Carolina, understanding the benefits and implications of deferred annuities is essential to making informed financial decisions. This blog explores what deferred annuities are, their benefits, and their impact on individuals and families in the state. What Is a Deferred Annuity? A deferred annuity is a financial contract between an individual and an insurance company, designed to help individuals grow their savings on a tax-deferred basis. Unlike immediate annuities, which start making payments shortly after purchase, deferred annuities allow the account value to grow over a period before the payout phase [...]