Use annuities to insure against outliving your money

Republished From The Financial Post

Original Post

Plan to live to 100? There are 6,000 centenarians in Canada, projected to hit 20,000 by 2035. But improved longevity and low investment returns pose a vexing problem for healthy people with good genes. If worried about outliving your money, consider taking out some longevity insurance, better known as annuities. Life annuities purchased from life insurance…