Skip to main content
Help Center Community Shop

Reverse Insurance for Social Security sort of

mogley98
Hey lets start a company......

So when you hit 62 you draw early, you pay into the insurance each year and IF you live to be 81 (which is about the break point) you get 10-15K a year for every year after that you live.

This way people could take SS early and never really worry that they may live past the break point simply by purchasing insurance that would cover it if you do?

What ya think?
0

Comments

3 comments

Date Votes
  • mogley98
    What health Insurance :)

    [:0][:0]


    quote:Originally posted by us55840
    If you retire at 62 and draw early, how are you going to have enough from the amount you draw to pay your health insurance premium and the co-pay?
    No medicare until reach full retirement age set by SSI.

    [:D][:D][:D][:D][;)]
    0
  • mogley98
    Actually medicare is still 65 not FRA

    quote:Originally posted by us55840
    If you retire at 62 and draw early, how are you going to have enough from the amount you draw to pay your health insurance premium and the co-pay?
    No medicare until reach full retirement age set by SSI.

    [:D][:D][:D][:D][;)]
    0
  • themountainman
    You could call yourself "J G Wentworth" and have people sing I want it now!
    0

Please sign in to leave a comment.

Recent Activity