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How Longevity Insurance Differs From The Typical Annuities

Wednesday, June 29, 2011 - 6:53 AM
From the NYT Bucks Blog:
New York Life will roll out its own version [of longevity insurance], which it’s calling a “guaranteed future income annuity,” on July 11.
[...]
What’s different about New York Life’s product is that the stream of income is deferred — you pay the premium, but agree to receive the income stream at some point in the future. But there are two distinct ways to use the product.

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Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
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