Longevity Annuity Sales Have Been Slow

Financial Planning reports that sales of longevity insurance or longevity annuities have been slow over the past couple of years.

Many companies, including MetLife and The Hartford, have introduced products that are specifically intended to address longevity risk.

However, sales of the products have been slower than many industry executives would have expected.

One of the factors preventing more widespread adoption is the general misunderstanding and underestimation of longevity risk among the broader public.

Source: Financial Planning

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