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Guarantee structures in life annuities: A comparative analysis

By Ermanno Pitacco

Abstract

Life annuities constitute a large category of insurance and pension products, ranging from conventional annuities (immediate or deferred) to longevity-linked life annuities, sharing the aim of providing living benefits. The analysis of the guarantee structure aims at singling out the risks taken by the annuity provider, in particular the longevity risk, and the possibility of sharing these risks between annuitant and annuity provider

Topics: guarantees and options, life annuities, life care annuities, long-term care, longevity risk, withdrawal plans, Finance, Accounting, Economics and Econometrics, Business, Management and Accounting (all)
Year: 2016
DOI identifier: 10.1057/gpp.2015.10
OAI identifier: oai:arts.units.it:11368/2865049
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