A deferred annuity is annuitized to change to the immediate annuity income stream payout. (pocketsense.com)
Contrary to the fixed annuity where — barring a credit event at the insurer — you'll receive your promised income stream, with a variable annuity your income stream is contingent on market fluctuations. (investopedia.com)
In essence then, with the right buy - to - let property, investors can build an ongoing inflation - linked annuity income stream through an asset that also generates capital growth, using very little of their own out - of - pocket money to do so, as the property is acquired with mortgage finance and the rental income covers the mortgage repayments and other property costs. (reimag.co.za)