Question 13 of 20 Deferred income annuities (DIAS) generally are purchased in the years leading up to retirement to provide part of a retiree's income. One characteristic of a DIA is that this type of annuity is categorized as a deferred annuity selecting a death benefit option for the annuity has no effect on the amount of the annuity payment the annuity provides the contract does not specify the date on which future annuity payments will begin this type of annuity has neither an accumulation period nor an accumulated value