An annuity can either be immediate or deferred: with a deferred annuity, you will not begin receiving payments for a certain period of time.

延缓年金就是说投资者要在一定时间后才开始获得收益。

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Unlike with an immediate annuity, if there's a balance when you die, it goes to your heirs.

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Consider an immediate annuity as an income producing alternative.

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Unless the tax deferral is truly important, you might be better off investing in tax-efficient mutual funds or ETFs until you need the money, and then converting it into an immediate annuity.

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