Longevity insurance is insurance against:

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Multiple Choice

Longevity insurance is insurance against:

Explanation:
Longevity insurance targets the risk that you’ll outlive your savings. It works by providing payments that start at a later, advanced age so you continue to have income even if you live much longer than you estimated. This type of policy is designed specifically to address the fear of running out of money in retirement, not to insure against dying early, getting ill, or a shorter-than-expected life. Therefore, the best choice is living too long.

Longevity insurance targets the risk that you’ll outlive your savings. It works by providing payments that start at a later, advanced age so you continue to have income even if you live much longer than you estimated. This type of policy is designed specifically to address the fear of running out of money in retirement, not to insure against dying early, getting ill, or a shorter-than-expected life. Therefore, the best choice is living too long.

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