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Research Project Abstract: The Role of Fixed and Variable Annuities in Life-Cycle Asset Allocation
Regents of the University of Michigan Link to more items from this source
Nov. 1, 2006
Excerpt: Payout annuities help pool longevity risk. Prior studies focused only on fixed lifetime annuities as retirement financing tools (Dus/Maurer/Mitchell 2005); by contrast, this research analyzes both investment and longevity insurance products, recognizing that variable annuity payouts are not known for certain at retirement.

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