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Better Financial Security in Retirement? Realizing the Promise of Longevity Annuities
The Brookings Institution 
Nov. 6, 2014 "The current market for longevity annuities faces many barriers, ranging from consumer decision-making that does not account adequately for longevity risk to the fiduciary concerns of employers to incomplete markets for the hedging of risk by insurance companies. In this paper, [the authors] highlight how recent trends have precipitated a need for products that offer protection against longevity risk, consider whether longevity annuities can improve retirement security, highlight barriers to more widespread take-up of longevity annuities, and offer a menu of potential reforms to bolster this fledgling market." MORE >> |
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