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What you need to know about deferred income annuities, QLACs & RMDs

Learn about using DIAs as qualified longevity annuity contracts and the problem with using a QLAC to avoid RMD obligations.

By John L. Olsen and Michael E. Kitces | Updated on July 27, 2017
Learn about using DIAs as qualified longevity annuity contracts and the problem with using a QLAC to avoid RMD obligations.(Photo: iStock)

The deferred income annuity (also called the “longevity annuity”) is a relatively new type of annuity contract, different from both the deferred and immediate types.

Like an immediate annuity, it provides only a guaranteed stream of income for life or a certain period of time (or both) and typically has no account balance that may be accessed other than by annuitization.

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