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Issue Brief: An Annuity People Might Actually Buy (PDF)
Center for Retirement Research [CRR] at Boston College 
July 17, 2007 Excerpt: This brief evaluates a proposal for an innovative annuity product -- the Advanced Life Deferred Annuity (ALDA). The ALDA is an annuity that would be purchased at retirement, or even earlier, but the associated payments would not start until some advanced age, (say) 75, 85, or 90. The long deferral period would result in a very inexpensive product. MORE >> |
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