Comments on: Do You Need Longevity Insurance?

By: itsme

itsme — Fri, 14 Mar 2008 18:31:51 +0000

Walt and others,

You miss one of the major points. If you live long enough to collect, other investments would have to perform very well to equal the return you would get from this product, since you will be sharing in the payments that others have made but didn’t live to collect.

If you don’t live long enough then it doesn’t really matter, does it?

In my case, I have no heirs and most people in my family live well into their 90s. It seems like a no brainer for me.

By: kitty

kitty — Sun, 02 Sep 2007 00:51:55 +0000

Agree with the comments. I’d rather have enough savings not to worry about it.

Kyle – loved your comment about the dog.

By: Kyle

Kyle — Wed, 29 Aug 2007 22:50:27 +0000

Interesting, I did not know such a ting existed. Agree with the comments. I think the only one who could justify this is Leona Helmsley dog.

By: retirehappy

retirehappy — Wed, 29 Aug 2007 21:12:25 +0000

If you aren’t going to collect, you’re likely dead… then it doesn’t really matter, does it?

By: nickel

nickel — Wed, 29 Aug 2007 16:56:52 +0000

Walt: Exactly. If you can afford to buy the policy, then you can afford to invest more. Really, all you’re buying in this case is peace of mind.

By: Walt Padabney

Walt Padabney — Wed, 29 Aug 2007 16:50:02 +0000

Seems like one should consider taking that substantial payment, put it in a predictable product or investment vehicle the use the future account value to pay their own income. I guess the issue is one of self control… Americans can’t seem to avoid spending all their money as soon as its in hand today anyway!