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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."

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