More people are living into their late 80s, 90s and even past 100. But longevity isn’t so great if you run out of money. To avoid that risk, you can buy longevity insurance. It’s a special kind of deferred annuity that assures you’ll have a guaranteed income forever, even if you live to 100 or… Continue reading Longevity Insurance Is Underused in Retirement Planning
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Should You Buy Longevity Insurance?
As life expectancy for Americans continues to rise, many people face the problem of outliving the amount of money they have saved for retirement. The solution might be a new type of annuity called longevity insurance. A researcher at the University of Missouri has determined the types of people who are more likely to buy… Continue reading Should You Buy Longevity Insurance?