Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Regional Vice President of Sales

The Retirement Plan Company
(Remote / AL / FL / GA / MS)

The Retirement Plan Company logo

Director of 3(16) Operations

Compass
(Remote / NH / Hybrid)

Compass logo

Retirement Plan Administrator

Bates & Company, Inc.
(Remote / Winter Park FL)

Bates & Company, Inc. logo

Loan & Distribution Specialist

AimPoint Pension
(Remote)

AimPoint Pension logo

Business Development Director

AimPoint Pension
(Remote / Pompano Beach FL / AL / GA)

AimPoint Pension logo

Defined Benefit Combo Cash Balance Compliance Consultant

Loren D. Stark Company (LDSCO)
(Remote)

Loren D.  Stark Company (LDSCO) logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile app icon
LinkedIn icon     Twitter icon     Facebook icon

Longevity Annuities in Retirement Planning: A Gamble That Might Pay Off Handsomely
Quarles & Brady LLP Link to more items from this source
Nov. 4, 2014

"The ideal purchaser of a QLAC in its purest form, i.e., one that pays only if the annuity starting date is reached, is someone who can afford to lose the annuity purchase price if they die early. Such a person, if they have a surviving spouse, would have enough funds to support the spouse in the event that death occurred before the annuity starting date, or perhaps the spouse would purchase his or her own QLAC. If the annuitant lives significantly longer than his or her actuarial life expectancy, the financial rewards could be significant. More importantly, the extra income could give the non-annuity retirement assets a significant boost which could relieve the economic stress of living longer than expected."

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title).
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above).
© 2024 BenefitsLink.com, Inc.