A Key to Spending without Worry in Retirement: Longevity Insurance

A Key to Spending without Worry in Retirement: Longevity Insurance

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 beyond.

The longevity annuity hedges against the financial risk of living a very long life. You can think of it as the opposite of life insurance.Independent experts say it’s worth considering. Writing in the Financial Analysts Journal , Jason Scott of Financial Engines asserted, “For a […]

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