Is A Deferred Income Annuity A Good Investment? 
Video Transcript : Hello , everyone . I 'm Steve Savant , syndicated financial columnist and host of the weekly online talk show `` Steve Savant 's Money : The Name of the Game . '' I 'm answering questions from insurancelibrary.com , and today 's question : Is a deferred income annuity a good idea ? Well , a lot of people like to buy and shop for blocks of income . You can actually go out and figure out what kind of income you 're going to need to subsidize your basic domestic expenses during retirement . A deferred income annuity will be able to give you a block of income . It could be for a time certain . It could be for the rest of your life . It depends upon your time line and what you 're looking for . But you 'll be surprised that most of the people that buy deferred income annuities also buy an inflation rider , a cost-of-living rider , to it so that every year there 's an adjustment made for your income : a block of income that you purchased , plus it goes up , let 's say , 3 % every year annually . And if you buy a lifetime DIA , that premium will go up every year , all the way out until the last day that you live . Well , that 's our consumer question for today . If you have any questions , just submit them to www.insurancelibrary.com . 