Q807
Under Deferred annuity, the time period between its purchase and start of annuity payments is called–
A.
Waiting period
B.
Postponement period
C.
Waiver period
D.
Deferment period
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
A deferred payment annuity allows the investment, known as the premium, to grow both by contributions and interest before payments are initiated. A deferred payment annuity is also known as a "deferred annuity" or a "delayed annuity."