A contract that involves the insured paying a premium to an insurance company in exchange for protection against the risk of a large loss.
The U.S. longevity insurance market has been developing for almost a decade, and yet there are still...
Laurence Kotlikoff is a Professor of Economics and Boston University. Professor Kotlikoff is one of the nation’s leading experts on fiscal policy, national saving and personal finance.
Professor Kotlikoff is the author or co-author of 15 books and he publishes extensively in newspapers, magazines and blogs on issues of personal finance, financial reform, taxes,...
The...
A basic life annuity makes payments when the annuity owner is alive.
In this sense, an annuity is the reverse of...
