Immediate vs Longevity Annuities
Updated: 2011-05-27 23:09:12
Both of these products offer a guaranteed income for life. Immediate annuities, as the name suggests, immediately begin to generate lifetime income. Longevity annuities delay payments until the retiree hits an advanced age, such as 80 or 85. New research by the nonpartisan Employee Benefit Research Institute (EBRI) finds that, generally, either type of annuity [...]