Concerned as to when you should start your life annuity payments? Well, here is something else to worry about.
Read: Women offered same annuity rates as men
The European Court of Justice,those wonderful liberalizers of minding everybody’s business, are about to decide that a man should receive less life annuity income than a woman,despite the fact that his age expectancy is 7 years or so less.
It intends to level the payments with females, but just don’t expect that the life annuity companies will pay them the higher male rate. No, it will pay the lower level female rate to both. The life annuity companies are facing greater life expectancies thanks to medical advances and are not in the mood to take lightly,any such ruling.
You’ve been warned: get your life annuities before it is too late.