ext_15838 ([identity profile] wellinghall.livejournal.com) wrote in [personal profile] wellinghall 2007-11-15 01:02 pm (UTC)

Indeed.

It is possible to buy "life insurance" in the second sense - it is called an annuity, or more colloquially a pension. It carries on paying out as long as you live, even if that is to 120.

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