A longevity annuity, or QLAC, provides protection against outliving your money if you or your spouse have good longevity. Also known as an advanced life delayed annuity, this type of annuity requires you to wait until you reach age 80 or later, to begin receiving a payout. Once the payout begins, the annuity provides a … Continue reading Types of Annuities Part 5: Longevity Annuities (Qualified Longevity Annuity Contracts, QLAC)