Financial Education and Annuities:

Life annuities - financial products that help individuals convert a lump-sum of wealth into a guaranteed life-long income stream - have an important role to play in providing a secure source of retirement income. Because annuities provide valuable insurance against longevity risk, much of the theore...

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Bibliographische Detailangaben
1. Verfasser: Brown, Jeffrey R.. (VerfasserIn)
Format: Elektronisch Buchkapitel
Sprache:English
Veröffentlicht: Paris OECD Publishing 2009
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Zusammenfassung:Life annuities - financial products that help individuals convert a lump-sum of wealth into a guaranteed life-long income stream - have an important role to play in providing a secure source of retirement income. Because annuities provide valuable insurance against longevity risk, much of the theoretical work in economics suggests that life annuities ought to comprise a large share of the retirement portfolios of most households. Yet around the world, voluntary annuity markets remain small
Beschreibung:1 Online-Ressource (44 Seiten) 19 x 27cm
DOI:10.1787/gen_papers-v2008-art20-en

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