DIA
A Deferred Income Annuity. A contract that converts a premium today into guaranteed income beginning at a future date, typically 5 to 20 years later.
Example
A 65-year-old pays $100,000 today and receives $2,200 per month starting at age 80.
A Deferred Income Annuity. A contract that converts a premium today into guaranteed income beginning at a future date, typically 5 to 20 years later.
A 65-year-old pays $100,000 today and receives $2,200 per month starting at age 80.