Florida Life and Health Insurance License Practice Test 2024 - Free Insurance Practice Questions and Study Guide

A Deferred annuity is the only type of annuity that allows for funding over a period of time before receiving retirement payments. Other options like Immediate, Variable, and Fixed annuities do not have a funding period and the payments begin immediately, have variable payment amounts, or have a fixed payment amount, respectively. Therefore, B is the correct answer as it aligns with the given context of receiving retirement payments after 15 years of funding.