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Ordinary Annuity
An ordinary annuity is a series of equal payments made at the end of consecutive periods over a fixed length of time.
Deferred Annuity
An insurance product that provides for the accumulation of capital on a tax-deferred basis, with payouts commencing at a future date, typically used as a retirement planning tool.
Ordinary Annuity
A series of equal payments made at regular intervals, with the typical assumption that each payment occurs at the end of a period.
Deferred Annuity
An insurance product that provides future payments to the holder, typically starting at retirement, after an initial investment period.
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