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> as the income annuities offered by insurance companies are

To which kind of insurance are you referring?



Deferred income annuities. They're insurance against your risk of longevity.

Here's an example from New York Life: https://www.nylinvestments.com/annuities/products/New-York-L...


Life insurance companies commonly sell various kinds of annuities as well, since they are experienced with pricing life expectancy. Google "immediate annuity" or "income annuity" to get quotes.




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