| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5076672 | Insurance: Mathematics and Economics | 2013 | 11 Pages |
Abstract
⺠We analyze individuals' post-retirement longevity risk management strategies. ⺠Our complete market model distinguishes between systematic and idiosyncratic risk. ⺠Portfolios of different annuities and group self-annuitization plans are compared. ⺠GSA plans are attractive when there are loadings on guaranteed annuity products. ⺠Individuals with a bequest motive prefer coinsurance portfolio strategies.
Related Topics
Physical Sciences and Engineering
Mathematics
Statistics and Probability
Authors
Katja Hanewald, John Piggott, Michael Sherris,