Jeff Kennedy

Jeff Kennedy

Jeff Kennedy, LUTCF , started out in the Insurance business in 1971 and is still going strong 48 years later and has helped thousands of clients with their insurance needs over those years. Jeff was born and raised in Jasper, Alabama and graduated from Walker College and then attended the University of Alabama majoring in business and marketing. He is the Principal and manager of Kennedy Advisory Group, in Birmingham, Alabama for the last 19 years.

Kennedy Advisory Group

3109 Woodcliff Cr.

Birmingham, Alabama 35243

jeff.kennedy@retirevillage.com (205) 222-2487
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Longevity! Can You Insure It? Yes!



By Syndicated Columnists|


What happens if you live longer than you expect? How do you make sure your funds last as long as you do?

Do you invest in stocks? Bonds? Keep your money in the bank? Increased life expectancy is extending the time needed for our retirement funding, making sure our money lasts as long as we do has become the new “mantra” of the Baby Boomers.


Many financial planners are turning towards products that remove the risk of the longevity problem, allowing an insurance company to bear the longevity risk, annuity companies issue and manage annuity products.


Many types of annuity products are available, even those who pay interest (yield), which are similar in structure to bank CDs. However, the real benefit of annuities is the income provision, income that can pay for any period, even a lifetime.


The question often asked is “What happens to the money in an annuity if a person dies early? Does the annuity company keep the money?”


The answer is no; it is an old wive’s tale that insurance companies profit from an early death. The unused portion of the annuity is merely refunded to the named beneficiary. Funds are always accounted for, and it is the law.


Consider letting an insurance company be responsible for your important long-term safe and secure retirement income. Safety and security is their first and foremost goal.


One last tip: shop around for the best rates; rates can often be based on age, and numerous options exist.

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