Designing Annuities with Flexibility Opportunities in an Uncertain Mortality Scenario
We consider annuity designs in which the benefit amount is allowed to fluctuate (up or down), based on a given mortality/longevity experience. This way, guarantees are relaxed in respect of traditional annuity arrangements. On the other hand, while the annuitant is exposed to the risk of a future re...
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| Format: | Article |
| Language: | English |
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MDPI AG
2021-10-01
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| Series: | Risks |
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| Online Access: | https://www.mdpi.com/2227-9091/9/11/189 |