Longevity Annuity

A longevity annuity is a type of income annuity with a deeply deferred payout period that commences well into the future. For example, a 65 year old person might purchase a longevity annuity with a payout period that begins at age 85. Longevity annuities are relatively new, but they represent a very powerful and efficient form of insurance. Longevity Annuities are often referred to as longevity insurance.

Would it be advisable to switch from my annuity to another type of investment?

It's difficult to provide an in depth response without having some more detail on the type of


Annuities Versus Bonds

This discussion topic was originally posted in the form of a comment.

The general topic is how annuities compare to bonds.  It is a natural question since both annuities and bonds provide owners with fixed payments.

We moved the comment here so that it can surface to a larger audience and hopefully generate further discussion and comments.

As noted below, the conceptual basis for this content is based on a great paper written a few years ago by Jason Scott--the Director of Retiree Research at Financial Engines.

The original post is as follows:

The Need for Longevity Insurance

There is a good article in Reuters by financial journalist Mark Miller.

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Top Ten Annuity Buying Tips

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Annuity Digest Buying Guide: Top Ten Annuity Buying Tips