Tuesday, November 20, 2007

 

Longevity Insurance: OK If You Live Long Enough

Outliving one’s retirement savings is a financial nightmare that haunts many retirees. That’s why a handful of insurers have recently introduced a new type of annuity that caters specifically to that fear.

It's basically insurance that pays you for living a long life. It’s called “longevity insurance,” and like an annuity, it pays you income for life, but only if and when you make it to a certain age...

Consumer Affairs: Longevity Insurance: OK If You Live Long Enough

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