This 1.5-hour session will focus on “Understanding Longevity Annuities And Their Potential Role In Retirement Income.”

A longevity annuity is similar in concept to an immediate annuity, but the lump sum payment is converted not to income for life beginning immediately, but instead with payments that may not begin until the distant future. Such a trade-off allows longevity annuities to provide “income that cannot be outlived” but at a fraction of the cost of a traditional annuity product.

In this session, we look at how longevity annuities work, the ways they can fit into an overall retirement income strategy, how they compare to available investment alternatives, their caveats and concerns, and explore the potential role that they may play for retirement income in the future.

Continuing education applications have been submitted to the Ohio Department of Insurance, Certified Financial Planner Board of Standards Inc., and The Supreme Court of Ohio. Accountancy credits will be self-reporting.