Get familiar with the Qualified Longevity Annuity Contract (QLAC). Nearly 12% of deferred income annuity premium went to QLAC in the first quarter of 2016. That may sound high, but experts suggest it should be much higher. The reason it is lower than expected is an uneducated consumer and producer. Learn more from this article http://m.kiplinger.com/article/retirement/T003-C000-S004-qlacs-can-deliver-late-in-life-income.html
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