Submitted by Anonymous on
The Freedom Income Annuity is Symetra's longevity insurance offering.
Freedome Income is an income annuity with a deeply deferred income commencement date (as deferred as age 95).
Symetra is one of a handful of companies offering pure longevity insurance.
Symetra's longevity annuity is interesting as it can be purchased on an inflation-adjusted basis.
Inflation-adjusted longevity annuities make sense given what has been taking place with monetary policy in most countries around the world.
Payments that begin decades in the future are especially subject to inflation risk. Even mild rates of inflation can devastate the real value of that future annuity income given multi-decade horizons.
There are a couple ways to deal with inflation risk and longevity annuities. First, you can purchase the annuity with inflation protection. Second, you could purchase a higher amount now in light of a particular inflation rate.
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