The following statement$($s$)$ can correctly be made about deferred income annuities $($DIAs$)$ and a variation of DIAs, known as qualified longevity annuity contracts $($QLACs$)$:

A$.$ Like immediate annuities, DIAs and QLACs have no accumulation period and therefore no accumulated value.

B$.$ Like fixed$-$rate deferred annuities, DIAs and QLACs have a start date that is at some point in the future$-$from $12$ months to $40$ years or more after purchase.

Both A and B

A only

$B$ only

Neither A nor B