Inflation Protected Longevity Annuity
This post is a continuation of a question that was originally posted as a comment here:
http://www.annuitydigest.com/news/buffett-and-pictet-express-concerns-about-inflation#comment-119
The question is whether there are any advanced life deferred annuities that have inflation protection.
First, an advanced life deferred annuity is also known as a longevity annuity.
It is a great question. I am not aware of any inflation protected longevity annuities, but I have not looked at the issue closely.
Opening this up to anyone who has relevant knowledge and would like to comment.
J.S. (not verified) wrote on Mon, 08/24/2009 - 11:45:
I am not aware of any longevity annuities that contain features that provide inflation protection. It is a large issue and obstacle for this product type.
RHW (not verified) wrote on Tue, 08/25/2009 - 11:38:
I only know of one which provides a hedge against inflation and it is accomplished by continuing indexing durring the income phase.
tom wrote on Tue, 08/25/2009 - 11:59:
Thanks for the feedback.
Is it annual indexing based in CPI?
Who is the provider?
Seems somewhat futile to kick-in inflation indexing after 5, 10, 15 or 20 years with no protection--likely that the purchasing power damage has been done by then.