Government-issued longevity bonds would allow longevity risk to be shared efficiently and fairly between generations …. In exchange for paying a longevity risk premium, the current generation of retirees can look to future generations to … hedge their systematic longevity risk. Longevity bonds will lead to a more secure pension savings market, together with a …

Government-issued longevity bonds would allow longevity risk to be shared efficiently and fairly between generations …. In exchange for paying a longevity risk premium, the current generation of retirees can look to future generations to … hedge their aggregate longevity risk. There are also wider social benefits. Longevity bonds will lead to a more secure …

Government-issued longevity bonds would allow longevity risk to be shared efficiently and fairly between generations …. In exchange for paying a longevity risk premium, the current generation of retirees can look to future generations to … hedge their aggregate longevity risk. There are also wider social benefits. Longevity bonds will lead to a more secure …

Pooled annuity products, where the participants share systematic and idiosyncratic mortality risks as well as … investment returns and risk, provide an attractive and effective alternative to traditional guaranteed life annuity products …. While longevity risk sharing in pooled annuities has received recent attention, incorporating investment risk beyond fixed …

This paper proposes an innovative retirement product with a focus on longevity risk sharing, a contract we refer to as … of longevity risk), and a reduced, index-dependent payment when the threshold is passed (i.e., highly unfavorable … evolution of longevity risk). The proposed TILA aims at not only improving the benefits of the policyholders, which has been the …