Longevity insurance
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United States of America Patent
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Aug 30, 2011
Issued Date -
N/A
app pub date -
Jan 17, 2007
filing date -
Mar 2, 2006
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
The present invention provides a life insurance product known as longevity insurance. Longevity insurance mitigates longevity risk, the risk that an individual will outlive his or her assets. More specifically, the purchase of longevity insurance guarantees an individual a predetermined, periodic income payment for the life of the purchaser. The guaranteed stream of monthly income commences at a later date, which may be utilized to supplement an existing income level or provide income in the event that the individual outlives his or her accumulated assets.
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Family
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Cited Art Landscape
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