Deferred Gift Payment Annuity
The Deferred Payment Gift Annuity is like a charitable gift annuity, only you may set a future date at which payments begin. One of the best features of this plan is that you can make a gift to The Quiet Hour and take advantage of a current charitable tax deduction—then, when you’re ready to retire, you’ll receive an excellent annuity income based on the entire amount of your gift.
Many younger people who are working and who want to save for their retirement years find this plan especially appealing. It offers safety in uncertain times, and you can’t outlive the payments!
The rates are good, too! Specific quotes are based on your age, the date you wish payments to begin, and on one or two lives.
The current rates for a one-life Deferred Payment Gift Annuity are shown below:
Age at date of gift |
Age at which payments begin |
Deferred payments rate |
40 |
65 |
18.8% |
50 |
65 |
12.4% |
60 |
65 |
7.6% |
Once a deferred gift annuity agreement is signed, the rate cannot change. Due to government rules the rates we can pay for new deferred payment gift annuities may change. Be sure to contact us for a quote. If you are interested in a Deferred Payment Gift Annuity, please print out the application for either one or two lives and mail along with your check,
Deferred Gift Annuity Application – 1 Life
Deferred Gift Annuity Application – 2 Lives
For the convenience of our donors who wish to take advantage of our Deferred Payment Gift Annuity, but want greater flexibility in setting the date for their retirement, The Quiet Hour offers a Flexible Gift Annuity. |