Personal pension as longevity insurance: Assumes a 60-year-old invests $200,000 and turns income on at age 80. Joint life assumes a man is 60 and his female spouse is 55.
Personal pension as longevity insurance: Assumes a 60-year-old invests $200,000 and turns income on at age 80. Joint life assumes a man is 60 and his female spouse is 55.
