Comments on: Do you need longevity insurance? Fri, 05 Dec 2014 11:27:18 +0000 hourly 1 By: boomerscout Thu, 18 Aug 2011 21:46:00 +0000 That few people do it means 1)it’s a very bad idea 2)it’s a very good idea. I vote for #2. Of course, we had life insurance and house insurance and, now, flood insurance. Insuring against running out of money in advanced old age makes sense IF the insurance company doesn’t go broke or renege, IF rampant inflation doesn’t diminish the buying power of future benefits, and IF you/your spouse lives long enough. But then, don’t put all your eggs in this basket either.