The United States Longevity Insurance Market

29 Pages Posted: 11 Nov 2010

See all articles by Anthony Webb

Anthony Webb

Boston College - Center for Retirement Research

Date Written: September 10, 2010

Abstract

This chapter documents the substantial decline in traditional sources of longevity insurance, and shows that published statistics on the individual annuity market greatly overstate its size and growth. It considers whether the decline in annuitization rates is cause for concern. It then documents in more detail the structure, size, and pricing of the individual annuity market, and discusses product innovations. It concludes by discussing policy options for increasing rates of voluntary annuitization.

Keywords: Annuities, Household, Wealth, Retirement, Income, Mortality, Longevity, Inflation, Annuitization, United States, Social Security

Suggested Citation

Webb, Anthony, The United States Longevity Insurance Market (September 10, 2010). Pension Research Council Working Paper No. 2010-17. Available at SSRN: https://ssrn.com/abstract=1706899 or http://dx.doi.org/10.2139/ssrn.1706899

Anthony Webb (Contact Author)

Boston College - Center for Retirement Research ( email )

Fulton Hall 550
Chestnut Hill, MA 02467
United States

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