Sometimes it will also be necessary to verify this income will continue for at least three years because some pension or retirement plans do not provide income for life. (cefcu.com)
Like an immediate annuity, a longevity annuity provides income for life, except that you don't start collecting payments until, say, 10 or 20 years down the road. (realdealretirement.com)
A longevity annuity also provides income for life, except that while you pay the premium now, the payments kick in later, often 10 to 20 years down the road. (realdealretirement.com)