3 ms·
Because I want my family to be supported in the event that I die early. I don't really see much value in leaving them a prize for dying old.
by treis 4y ago
Because I want my family to be supported in the event that I die early. I don't really see much value in leaving them a prize for dying old.
- toomuchtodo 4y agoIndeed. You're buying a put option on yourself to insure against a black swan event.
- jfengel 4y agoThey don't need a prize for you dying old. But you yourself would benefit from insurance against outliving your savings.
- rundmc 4y agoBut if you live so long that you run out of money then you become a financial liability to your family. That's why longevity insurance makes sense.