Taking a Closer Look at Deferred Income Annuities
Deferred income annuities (DIAs), which generally are designed as single-premium income annuities with payments beginning after at least one year, have long appealed to the sensibilities of academics. DIAs are also known as longevity insurance for cases such as a when a 65 year old purchases a DIA contract with income to begin at age 80 or 85.
Pfau, Wade, "Taking a Closer Look at Deferred Income Annuities" (2014). Faculty Publications. 118.