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No Pension? Some Can Do Deferred Income Annuities

Tuesday, February 4, 2014 - 8:36 AM
"DIAs basically work the same as longevity insurance, or longevity annuities, as they were officially called. You pay a premium as you would for car insurance, and a number of years later the insurer starts paying you a monthly income that is considerably higher than you could earn with bonds, bank savings or other fixed-income assets. Best of all, the income keeps flowing for life."
ShorebreakShorebreak2,674 posts since
Apr 6, 2010
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