Outside the Box: Buying this annuity guarantees that you ’ll lose out on big money

I wrote recently that people who buy life insurance are effectively loaning money to insurance companies at around a 2.5% interest rate, which is a great deal for the companies and a lousy investment for the policyholders. Here’s something even worse: qualified longevity annuity contracts (QLACs),…#journal #socialsecurity #garysmith #pomonacollege #distrustbigdata #datatorturing #assaultonscience
Source: Reuters: Health - Category: Consumer Health News Source Type: news