For many cash strapped seniors an annuity sounds like the perfect solution. And it can be if you think you’ll outlive your mortality date. The only trouble is that the insurance companies offering annuities have perfected estimating your mortality date based on factors like gender, birth year, where you live, where you were born, the age your parents died, and your health (or unhealthy) habits. One disadvantage of an annuity is that when you die there is nothing left for your heirs. On the other hand, with an insurance policy you (or your heirs actually) come out ahead if you live less than your mortality date. So in addition to Dennis Miller's advice in the following article you might … [Read more...]