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Longevity annuities can be a good deal for seniors. But not many people buy them
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cnbc.comAmerican life expectancy is trending up — and that creates more financial risk for retirees, who must make their nest eggs last a longer time.
An average 65-year-old today will live another 20 years, about six years more than in 1950, according to the Centers for Disease Control and Prevention.
Seniors can take measures to reduce this «longevity risk,» such as working longer and delaying Social Security.
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They also have a type of annuity at their disposal — a longevity annuity — that is among the best financial
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