Luckily, most of these products offer excellent longevity protection, because, in most cases the income you get is guaranteed for life. (moneysense.ca)
Enter new, «multi-tasking» products, such as Variable Annuities (VAs) and Fixed Indexed Annuities (FIAs), which claim to offer longevity protection along with liquidity and upside potential, all in one product. (annuities.blueprintincome.com)
The use of a DIA for longevity protection may also be an important psychological tool that reduces the anxiety of short - run portfolio volatility by ensuring that the client will never bear substantial lifestyle risk later in life. (onefpa.org)