he specific meaning of the term deferred taxes refers to

A$)$ only variable contracts, where taxes are postponed until earnings are actually withdrawn by the contract holder

B$)$ only life contracts, we're no taxes are due until the insured passes

C$)$ the situation where nobody's $($revenues or earnings$)$ will be assessed taxes until those amounts are actually recognized for accounting purposes, and$/$or received by the contract holder

D$)$ only annuity contracts, we're not taxes are due until the annuitant reaches age $65,66,$ or $67($depending on when the annuitant was born$)$