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BERKO: Annuity ensures income in the long haul (access required)

DEAR MR. BERKO: Could you please explain a qualified longevity annuity contract to me? A 65-year-old friend may invest $90,000 in a QLAC with MetLife. He says that when he's 85, it would pay him $45,000 a year, even if he lived to be 110. That comes to a 50 percent return and sounds pretty ...

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