Zhou-Richter, Tian; Gründl, Helmut - International Center for Insurance Regulation, House of … - 2011
A life care annuity is a bundled insurance product comprised of a life annuity and long-term care insurance. Some recent studies find the two risks-longevity risk and long-term care risk-to be opposing and thus life care annuities advantageous in regard to pooling the two risks. Based on...