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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.

Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
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