Bob Pape is Director of Major Gifts for CNEWA.
Sure, eat your vegetables and go to the gym. It can’t hurt. But if you really want a longer life, I have the secret for you:
Annuities.
Authors Steven Levitt and Stephen Dubner, in their book “SuperFreakonomics,” point to eye-opening research that suggests:
“People who buy annuities, it turns out, live longer than people who don’t, and not because people who buy annuities are healthier to start with. The evidence suggests that an annuity’s steady payout provides a little extra incentive to keep chugging along.”
Okay, maybe this isn’t such a new idea. Mr. Dashwood in Jane Austen’s “Sense and Sensibility” observed that “people always live forever when there is an annuity to be paid to them.” But now we have hard numbers to back it up.