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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Famous quotes containing the words longevity and/or insurance:

    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)

    For there can be no whiter whiteness than this one:
    An insurance man’s shirt on its morning run.
    Gwendolyn Brooks (b. 1917)