Phrases with «mortality credits»

"Mortality credits" refers to the concept that in a group of people, some may live longer than expected, while others may not. When everyone pools their money together, those who pass away earlier than anticipated contribute their unused funds to those who live longer. It's like a reward for those who live longer, as they benefit from the funds of others who didn't live as long. This sharing of funds is known as "mortality credits." Full definition

mortality credits

Sentences with «mortality credits»

So in practical terms how do mortality credits as well as an annuity's guarantee of a steady lifetime payment translate into an edge over simply investing your money and carefully drawing it down? (realdealretirement.com)
The older you are the more mortality credits you have (less years left to live) so the insurance company will offer a higher monthly annuity income. (moneysense.ca)
The pricing of products available to younger people reflects little benefit from mortality credits because few people that age die. (retailinvestor.org)
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Phrases with «mortality credits»

Sentences with «mortality credits»

See also