Is it possible to use USD in an IRA account to purchase a Swiss Longevity annuity?
Good question.
First thing to consider is that--to my knowledge--there are only a few types of annuities offered by Swiss insurance companies.
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Longevity Insurance
Longevity insurance is a term used to refer to a longevity annuity. A longevity annuity is a type of income annuity with a deferred payout period that commences at a future date. The longevity insurance owner pays a single lump sum or makes incremental premium payments to purchase an income annuity that will not begin payments for many years--possibly decades. For example, person may purchase longevity insurance at age 65 with the intent of locking-in a lifetime of guaranteed payments that begin at age 85. The longevity annuity is a relatively new but very powerful form of annuity.
Top Ten Annuity Buying Tips
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NAPFA Provides Consumers with Quality Control while Maintaining Flexibility for Financial Advisors
NAPFA is the National Association of Personal Financial Advisors.
NAPFA membership consists of financial advisors who provide comprehensive...
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