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Think of Annuities of Reverse Life Insurance. First, it is financed though an insurance company - it is not equity like a stock or even like a bond, etc....Life insurance is a bet w/ the insurane co. where the insurance co bets you will LIVE beyond a certain age. That was only covering HALF of the opportunity for the ins co's. So they created the annuity - a bet where they WIN if you die BEFORE a certain age. My head is now back to buying gold and stashing.
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