In Canada, ‘LIFE’ Begins at 85

By Thu, Mar 22, 2018

Bonnie-Jeanne MacDonald (right or below), a research fellow at Toronto's Ryerson University, proposes a voluntary, tontine-like deferred income annuity called Lifetime Income for the Elderly (LIFE). Canadians could make a one-time payment at age 65 and begin collecting income at age 85 (if they live that long).

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