I do like the idea of buying insurance for 'longevity risk'.
Is there a pure-play product out there?
On the other side of the coin ('mortality risk') the insurers have various kinds of products - the whole life product which bundles investments and mortality-risk insurance and a boat load of fees. But they also have a pure-play mortality-risk product - namely term life insurance.
But on the longevity-risk side all they have is the combo investment/insurance/lots-of-fees product. Or is there some pure-play product out there that I'm just not aware of?
Is there a pure-play product out there?
On the other side of the coin ('mortality risk') the insurers have various kinds of products - the whole life product which bundles investments and mortality-risk insurance and a boat load of fees. But they also have a pure-play mortality-risk product - namely term life insurance.
But on the longevity-risk side all they have is the combo investment/insurance/lots-of-fees product. Or is there some pure-play product out there that I'm just not aware of?