Defer Payment Contract

• Can sell and receive money at later date.
• Premium paid - depending on rate and length of time.
• Handy for carrying over income into new fiscal year.
• Can roll Defer Pay forward, but not backwards.
  • Example:  You have a Defer Pay contract due on January 1, 2011.  You could move payment forward to June 1, 2011, but not back to December 15, 2010.