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	<title>New answer on: Who Sells Longevity Annuities?</title>

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		<title>By: David Pipes</title>

		<link>http://insurancelibrary.com/annuities/who-sells-longevity-annuities</link>

		<dc:creator>David Pipes</dc:creator>

		<pubDate>Thu, 04 Sep 2014 19:22:59 +0000</pubDate>

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		<description><![CDATA[Longevity protection is a good definition for an immediate annuity.  I have not heard that word “longevity” used as a description of an annuity.  An annuity provides money that the “annuitant” cannot outlive.  At the same time it provides for the highest consumption.  So you have high income and cannot outlive your asset.  That sounds like a longevity annuity to me. These are sold by licensed life insurance agents.]]></description>

		

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		<title>By: David Racich</title>

		<link>http://insurancelibrary.com/annuities/who-sells-longevity-annuities</link>

		<dc:creator>David Racich</dc:creator>

		<pubDate>Thu, 27 Jun 2013 13:44:12 +0000</pubDate>

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		<description><![CDATA[Assuming you mean annuities with lifetime income you can’t outlive, there are many. Most annuity insurance companies allow their annuities (and cash value life insurance) to be annuitized for the life of the annuitant (or insured). If an annuity is held in a qualified plan, then all lifetime distributions are taxable at ordinary income tax rates. If the annuity is a non-qualified annuity then basis is amortized over the annuitant’s life expectancy as part of the initial payments until basis is used up. Then only payments of  gain are left to distribute for the life of the annuitant.
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