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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Autor principal: Annamaria Olivieri
Formato: article
Lenguaje:EN
Publicado: MDPI AG 2021
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Acceso en línea:https://doaj.org/article/5e3cb9ae4ef147799aa0a72efae84921
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