Answered

A deferred annuity is used to:
O accumulate funds for the future
O create an immediate source of income
O convert a single lump sum into income
O create an immediate estate



Answer :

GinnyAnswer

Final answer:

Deferred annuities accumulate funds for the future to provide a steady income stream during retirement.


Explanation:

Deferred annuities are used to accumulate funds for the future. They allow individuals to contribute money over time, ultimately receiving regular payments during retirement. These annuities help ensure a steady income stream in the future.


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