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Qualified Longevity Annuity Contract (QLAC)
A qualified longevity annuity contract (QLAC) is another option designed to prevent you from going broke in your old age. QLAC is where you pay an insurance company a lump sum, and the company pays you an annual income for life, beginning sometime in the future – anytime between when you turn 70 ½ and 85. Read article here…
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