Betting on a Long Life U.S. News & World Report (10/22/01) Vol. 29, No. 21 p.65; Wiener, Leonard
A single-premium immediate annuity can boost income because the payouts include a withdrawal of a portion of the funds you put in, writes Leonard Wiener with U.S. News & World Report. While the principal is eliminated at the end of one's life expectancy, if you live longer, the insurance company will continue to provide full monthly payments. In times such as these, a growing number of people are turning to investments that guarantee income for life with no investment decisions, writes Wiener.