Is A Deferred Annuity An Insurance Contract? 
That is a great question ! Annuities are considered to be insurance products , and there is most definitely a contract that defines clearly the stipulations for payments and fees for you and the insurer issuing the annuity . Deferred annuities can be great investments , especially if you can safely put aside that money without need for the allotted deferment period . Be sure to do your suitability study to be sure before buying one , okay ? Thanks for asking ! 