Annuity News

Start Thinking of Retirement Account as Part of Your "Longevity Planning"

Forbes magazine publishes a relatively new section called "Forbes Woman" that is dedicated to issues affecting professional and executive women. A recent column discusses financial planning and the need to consider longevity risk when constructing a portfolio--particularly in light of recent capital market volatility . Longevity risk is especially relevant to women since their life expectancies are longer than men. In addition, many women find themselves solely responsible for their family...

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Hartford Financial Hit with Downgrade from Fitch Ratings

Fitch Ratings cut their ratings on Hartford Financial Services Group to two steps above junk status. Analysts are concerned about Hartford's decision to pause or cancel annuity sales in Japan, Germany and the U.K. Hartford has also begun implementing major changes to its U.S. based variable annuity business. Hartford is one of the life and annuity insurers that has been particularly hard hit by the capital market risk and volatility that has been rampant during the financial crisis. Source:...

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New Derivatives Market Taking Shape with Longevity Swaps

Corporate pension plans face the real risk of having their plan participants live longer than what is projected by actuaries. In other words, similar to an individual who considers an annuity to offset the risk of outliving their assets in retirement, pension plans must deal with longevity risk . A new derivatives market is evolving to deal with longevity risk on an institutional scale. Many of the deals thus far have been between investment banks such as JP Morgan and insurance companies that...

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Longevity Risk is a Fundamental Factor in Retirement Planning

It is a fact that people are living longer with each passing year. Longevity risk or the risk of outliving one's assets must be a fundamental consideration with any financial plan. Annuities can provide an effective hedge against longevity risk, and a longevity annuity can be especially useful in providing guaranteed lifetime income . Some facts and figures from the Prudential Insurance Company : Today, once an individual has reached age 65, he can expect to live, on average, 19 years or more...

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Advanced Life Deferred Annuity

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Advanced Life Deferred Annuity

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South African Billionaire Rupert Sees Planning for Retirement Becoming Much More Difficult

South African billionaire Johan Rupert considers the possible fallout of the financial crisis at an annual meeting for analysts following the company he controls. According to Rupert, governments are "going to have to find capital in the markets, which will crowd out the private sector, or they're going to have to tax the hell out of living consumers, or inflate their liabilities into oblivion. There are not too many other options." Rupert considers inflation and broad social unrest as possible...

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Factors that Influence Longevity are Noted in Report from Kronos Longevity Research Institute

The Kronos Longevity Research Institute (KLRI) released its third annual report that discusses the top longevity research findings over the course of the past year. The Kronos Institute is a not-for-profit research organization dedicated to understanding human longevity and preventing age-related diseases. Topics addressed in the report include the relationship of the following to the aging process: Vitamin D Oxidation, Inflammation and insulin resistance Telomeres and insulin resistance...

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Longevity

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Social Security and Medicare Prospects Darken Due to Recession

The recession has hastened the looming insolvency of both Social Security and Medicare. Social Security is projected to start paying out more in benefits than it collects to fund those payments in 2016--a year earlier than expected prior to the recession. The Medicare program began running an annual deficit in 2008 and it did so again this year. The Medicare trust fund is expected to be depleted by 2017 which is 2 years earlier than expected before the recession started. Source: AP

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Experts at Stanford Center on Longevity Urge Caution on Consumer Products for Memory Loss

A panel of the world's premier cognitive and brain scientists gathered recently at a summit sponsored by the Stanford Center on Longevity . The group issued a statement for the public regarding "brain enhancing" consumer products such as Gingko biloba that are intended to ward off memory loss. While the panel did acknowledge that cognitive performance among the elderly may be improved relative to years past, they clearly indicated that consumers need to proceed with caution and skepticism when...

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Consider a Longevity Annuity to Avoid Worrying About Outliving Your Income in Retirement

A very good, balanced article about the longevity annuity --well worth the read. Consider that the annuity payout for a $50,000 longevity annuity purchased from MetLife by a 60 year old male is $56,106 per year. The payouts begin at age 85 and last for the lifetime of the contract holder . Tax considerations, estate planning and financial planning are discussed in the context of longevity annuities. Source: U.S. News and World Report Full Story

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Advanced Life Deferred Annuity

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Advanced Life Deferred Annuity

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MetLife

Wine is Considered Twice as Effective as Beer in Adding to Longevity

Recently published research by the Journal of Epidemiology and Community Health provides good news for moderate drinkers. The study indicates that both wine and beer may contribute to longevity . The drinking and eating habits of 1,373 men were followed over the course of 4 decades. Results indicate that a half glass of red wine per day may add as much as 5 years to life expectancy . Moderate beer drinkers benefit as well, but only half as much at 2.5 years. Light alcohol consumption--...

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