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Anonymous

06 Jul 2019

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What is immediate annuities and deferred annuities? is it available in Singapore insurance company?

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Hariz Arthur Maloy

06 Jul 2019

Independent Financial Advisor at Promiseland Independent

An annuity is a sum of money given to an insurance company and they in turn pay you back a stream of income for life.

Immediate means they pay you starting immediately. Deferred would be after a period of usually 5 or 10 years.

We don't have any immediate annuities available anymore. But plenty of deferred ones.

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