Annuities With Longevity Protection Could Save Your Retirement

In the Wall Street Journal, Anne Tergensen highlighted a new trend in annuities: longevity policies. Unlike standard annuity products, this investment only begins payouts at a certain advanced age (usually 80 or older). When payments do begin, annual payments are higher. As a result, you may be able to maintain a similar standard of living during your golden years. Due to interest compounding, you can amass a significant sum with a smaller initial investment than a regular annuity.

Unfortunately, buying a longevity protected annuity uses up a significant portion of your emergency savings. Also, you’ll lose most of your investment if you pass away before the bulk of the policy is paid out; just like traditional annuities.

These products are currently offered by MetLife, Hartford, and New York Life.

Share Button
Comments are closed.


Copyright © 2020 AFYI Holdings Group, LLC. All Rights Reserved. No part of this article may be reproduced without the express written consent of AFYI Holdings Group, LLC. - Prefooter


Mailing Address:

1165 NE 105 St.
Miami Shores, FL 33138



(866) 223-2121

Follow Us On

Click for the BBB Business Review of this Annuities in Miami Shores FL

Copyright © AFYI Holdings Group, LLC, All Rights Reserved

Share On Facebook
Share On Twitter
Share On Linkedin
Share On Pinterest