What is a single-premium deferred annuity?

In Annuities - Fixed Annuity - Asked by Admin - 2 years ago

A single-premium deferred annuity, or SPDA, is a fixed annuity that you buy with a single premium. You get a guaranteed interest rate for a specified period of time, and the taxes on the interest you earn are deferred until you make a withdrawal.

Answered by Admin - 2 years ago

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Are you looking for a way to have a way to have fixed income for the rest of your life by obtaining a fixed annuity. It is a great way to have a fixed income at a fixed rate. Wondering about "what is a single-premium deferred annuity?", annuities and specifically fixed annuities you can ask our experts for free.

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