What is a single-premium deferred annuity?

In Annuities - Fixed Annuity - Asked by Admin - 8 months 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 - 8 months ago

Tags: single-premium defferen annuity, spda, guaranteed interest rate, interest rate, sungle premium, what is a single-premium deferred annuity?

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What is a single-premium deferred annuity?

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