The tax benefits of tax deferral requires some time to realize a benefit and thus would present a greater benefit (in terms of suitability) whereas immediate annuities offer a steady guaranteed income for older individuals for retirement. (insuranceandestates.com)
There are two basic benefits of a tax deferral on your investments. (protective.com)
1While non-qualified annuities offer the added benefit of tax deferral, in the case of qualified annuities, the tax deferral is provided by the retirement plan itself. (symetra.com)