Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

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."

http://www.bankingmyway.com/save/...e-annuitie
5
ShorebreakShorebreak2,615 posts since
Apr 6, 2010
Rep Points: 14,182
Reply