Longevity Insurance

[MarkR]

We started discussing this earlier today on a different thread. I probably should have started a new thread instead…

Reduced penalty for missing RMDs

I don’t think it’s ever a good idea to buy a QLAC. I was just suggesting that perhaps someone could find some good way to use it. It’s hardly ever a good idea to buy any insurance annuity product to begin with. That’s because the net value to the consumers is always the return MINUS the 10 or 15 percent profit to the insurance company. I suppose if someone has already decided to buy longevity insurance outside their tax deferred accounts, they might be advised to use some of the tax-deferred mon…