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The Role of Annuity Markets in Financing Retirement
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Binding: Hardcover
Dewey Decimal Number: 332.02401
EAN: 9780262025096
Edition: 1st
ISBN: 0262025094
Label: The MIT Press
Manufacturer: The MIT Press
Number Of Items: 1
Number Of Pages: 239
Publication Date: December 01, 2001
Publisher: The MIT Press
Studio: The MIT Press
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Editorial Review:
Dramatic advances in life expectancy mean that today's retirees must plan on living into their eighties, their nineties, and even beyond. Longer life expectancies are the symbol of a prosperous society, but this progress also means that some retirees will need to plan conservatively and cut back substantially on their living standards or risk living so long that they exhaust their resources. This book examines the role that life annuities can play in helping people protect themselves against such outcomes.
A life annuity is an insurance product that pays out a periodic amount for as long as the annuitant is alive, in exchange for a premium. The book begins with a history of life annuity markets during the twentieth century in the United States and elsewhere. It then explores recent trends in annuity pricing and money's worth, as well as the economic value generated for purchasers of these products. The book explains the potential importance of inflation-protected annuities and stock-market-linked variable annuities in providing more complete retirement security. The concluding chapters examine life annuities in various institutional settings and the tax treatment of annuity products.
Customer Reviews
Average Rating: 
Rating:  - Mensa reader
This book is a actually a compilation of different academic studies, written at a graduate-level, which primarily analyzes the merits of variable annuities. It's not "light reading", unless you enjoy mathematical algorithms and tables of study findings. However, the writers all present extremely well-researched and pursuasive conclusions about the important value of variable annuities. If you have any reservations about annuities in general, you probably won't after reading this book.
Rating:  - Annuity
Dramatic advances in life expectancy mean that people must plan their retirements on the assumption that they will live into their eighties, their nineties, or even beyond. Longer life expectancies are the symbol of a prosperous society, but this progress also means that some retirees will need to plan conservatively and cut back substantially on their living standards or risk living so long that they exhaust their resources. This book examines the role that life annuities can play in helping people ... Read More
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