Market for longevity insurance expected to grow

09/19/2011 | Philadelphia Inquirer, The

Longevity insurance, which offers people protection against the possibility that they will live long enough to exhaust their retirement savings, is offered by more insurance companies as Congress discusses changes to Social Security that might decrease benefits for retirement. The demand for longevity insurance is expected to grow as life expectancy increases and pension plans become less prevalent, experts say.

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Philadelphia Inquirer, The

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