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Legacy Savings Organizations as Potential Replacement for Traditional Longevity Insurance

Posted: Mon Mar 20, 2017 3:42 pm
M. A. Gumport recently published an Article entitled, "Legacy Savings Organizations: Beating Deferred Annuity Insurance Benefits by Over 50%; Practical Plan for Funding Extra-Long Retirement." The author argues that traditional annuity-based longevity insurance is a poor product for a number of reasons. In describing his proposed solution of the "legacy savings organization," he also summarizes the historic rise and fall of tontines. This may remain somewhat theoretical until the legal points he mentions are more clearly answered. ... id=2921147