Under Deferred annuity, the time period between its purchase and start of annuity payments is called–

A. Waiting period

B. Postponement period

C. Waiver period

D. Deferment period

Answer: Option D

Solution(By Examveda Team)

A deferred payment annuity allows the investment, known as the premium, to grow both by contributions and interest before payments are initiated. A deferred payment annuity is also known as a "deferred annuity" or a "delayed annuity."