What is longevity insurance?

Longevity Insurance

Longevity insurance, insuring longevity, is an annuity contract designed to pay to the policyholder a benefit if he or she survives to a pre-established future age.

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Some articles on longevity insurance:

Longevity Insurance
... Longevity insurance, insuring longevity, is an annuity contract designed to pay to the policyholder a benefit if he or she survives to a pre-established ... The term "longevity insurance" comes from the fact that this type of annuity is insurance against unusually long life ... many people's finances if they didn't have fire insurance ...

Famous quotes containing the words insurance and/or longevity:

    The Republican convention, an event with the intellectual content of a Guns’n’Roses lyric attended by every ofay insurance broker in America who owns a pair of white shoes.
    —P.J. (Patrick Jake)

    Every thing teaches transition, transference, metamorphosis: therein is human power, in transference, not in creation; & therein is human destiny, not in longevity but in removal. We dive & reappear in new places.
    Ralph Waldo Emerson (1803–1882)