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A comment on Ask HN: Why not have reverse life insurance that rewards longevity?. Parent comment

Re:Ask HN: Why not have reverse life insurance that rewards ... by rundmc on Friday July 01, 2022 @05:15PM (#31953043)
But the annuity only 'rewards' your longevity if you live 15-20 years or more because that is the bare minimum it takes to get back your capital.
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Re:Ask HN: Why not have reverse life insurance that rewards ... by imachine1980_ on Friday July 01, 2022 @05:44PM (#31953408)
Yes, that's the point. if not is a ponsi scheme, or simple investment in bonds, the point is you make sure than you don't get whiout buck if you live till 100, not make maximun money, this service use actuarial probability to assurethat.
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