Immediate Annuities For The Chronically Ill

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Goodman60
Posts: 243
Joined: Mon Jun 03, 2013 8:53 pm

Immediate Annuities For The Chronically Ill

Post by Goodman60 » Sun Jan 21, 2018 12:06 pm

I seem to recall, a long time ago, reading about immediate annuities for people with chronic illness. Who have a less-than-usual life expectancy. The payout is higher because the annuitant isn't expected to live as long as someone their age in decent health. Do these things still exist and where can one find info on them?

retiredjg
Posts: 33897
Joined: Thu Jan 10, 2008 12:56 pm

Re: Immediate Annuities For The Chronically Ill

Post by retiredjg » Sun Jan 21, 2018 12:30 pm

I think what you want to look for is "medical underwriting".

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