Longevity-contingent deferred life annuities

Denuit, Michel;Haberman, Steven;Renshaw, Arthur E.
(2015) Journal of Pension Economics and Finance — Vol. 14, n° 03, p. 315-327 (2015)

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Authors
  • Denuit, MichelUCLouvain
    Author
  • Haberman, Steven
    Author
  • Renshaw, Arthur E.
    Author
Abstract
Considering the substantial systematic longevity risk threatening annuity providers’ solvency, indexing benefits on actual mortality improvements appears to be an efficient risk management tool, as discussed in Denuit et al. (2011) and Richter and Weber (2011). Whereas these papers consider indexing annuity payments, the present work suggests that the length of the deferment period could also be subject to revision, providing longevitycontingent deferred life annuities.
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Denuit, M., Haberman, S., & Renshaw, A. E. (2015). Longevity-contingent deferred life annuities. Journal of Pension Economics and Finance, 14(03), 315-327. https://doi.org/10.1017/S147474721400050X (Original work published 2015)