Newly Improved Longevity Insurance To Be Launched; 1800InsuranceToday.com Tips on Insurance Coverage

June 29, 2011 - PRLog -- Many people buy life insurance for the fear of an instant death.  However, there is also a new longevity life insurance policy that will be launched this July.  It will cater to people who live longer in life.  They call this policy as the “guaranteed future income annuity.”  With this kind of policy on longevity life insurance, retirees can now receive both pension and insurance at a later age.

In regards to this, 1800InsuarnceToday.com shares the innovations on insurance policies.  The site has a lot of tips in getting the best coverage that will suit everyone’s needs.


Read more on Longevity Insurance Launching:
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“On July 11 of this year, a guaranteed future income annuity will be launched for longevity Life insurance.  This new policy on longevity life insurance will make sure that the retirees will be enjoying added benefits.  They will be able to receive their annuities and start collecting their insurance at a later age.”

“However, if a person prefers to purchase the annuity alone as a policy, it will cost him or her a cheaper value.  So, if ever one retires earlier, collection will start at an earlier time, too.  There are, however, inflation issues with this kind of policy still.  But, the benefits will be much enjoyed by those who live longer.”

Read more on Longevity Life Insurance:
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“So how exactly does it work? With basic immediate annuities, also known as income annuities, you give a pile of money to an insurance company in exchange for a lifetime stream of income that generally starts right away.”

“With the first way, you might think about it as a way to prepay for an annuity (or a pension) well before you plan to use it. That makes it cheaper than an immediate annuity, because, well, there’s a chance you’ll die before you begin to collect.”

“But it can also be used as a pure insurance policy — hence the name, longevity insurance. You can agree to begin collecting the insurance at a much later date in the future, like your 85th birthday. So if you live past your life expectancy, you’re covered.”

Read more about The Risk of Living Too Long at:  NYTimes.com
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Insurance companies are making their best efforts in alleviating the problem in old-age insurance policies.  This new policy guarantees fixed lifetime payments that begin at the age of 85.  There are a few things to look into before purchasing this policy though.

Savings is the most targeted issue on this.  Since retirees have their own savings, the problem arises on how long these will last.  This will also be very beneficial to those people who have a family history of members who lived into their 90s.  But, the obligation of the insurance company ends when the insured passes away.

Know how to avail the lowest price life insurance today.

Find out how make life insurance plan as your savings account with the new policies that almost everyone can now afford.

Visit 1800InsuranceToday.com Facebook Fan Page to know about the perks of life insurance at http://www.facebook.com/pages/Life-Insurance-Secrets/1954....

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1800InsuranceToday.com gives you the updates on the insurance world. Check out the site for more information on the lowest price life insurance in town.