Longevity Insurance

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How can one account for longevity insurance in ESP? If say I am 65 and want to take $125K (the max) and buy a policy to begin an annuity at say 80 years of age, how do I enter this? Thanks

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Dan Royer's picture

You could enter the purchase as a special expenditure and the stream of receipts as special receipts. You'll just have to pay attention to nominal vs today's dollars as you enter the amounts.