Important Things To Know About Deferred Annuities (DIA/longevity annuities)-5 Experts Weigh In

Deferred annuities (also referred to as DIAs or longevity annuities) are an insurance contract. When in a qualified plan such as a 401k or IRA, this type of annuity is known as a QLAC (qualified longevity annuity contract) with different applicable rules. In this article....