Longevity insurance catches on among boomers

04/13/2012 | Time.com

A growing number of baby boomers seeking income security late in life are showing interest in deferred immediate fixed annuities, also known as longevity insurance, Dan Kadlec writes. Such annuities allow greater income purchasing, Kadlec writes. Longevity insurance may be a good protection against running out of cash, he writes.

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