Enhanced annuities pay higher pensions than standard annuities in case of a reduced life
expectancy and are very prominent in the UK insurance market but not in other markets. The …

We investigate whether a historical pension concept, the tontine, yields enough innovative
potential to extend and improve the prevailing privately funded pension solutions in a …

Life insurers often claim that the life settlement industry reduces their surrender profits and
leads to an adverse shift in their portfolio of insured risks; that is, high risks remain in the …

With the gradual deepening of aging, the affordability of long-term care (LTC) services in
aging societies will become increasingly questionable. Both private stand-alone LTC …

There is a growing interest in the insurance industry in offering substandard annuities.
These annuities, based on medical underwriting, provide a greater pay out than the …

In most industrialised countries, one of the major societal challenges is the demographic
change coming along with the ageing of the population. The increasing life expectancy …

Substandard annuities pay higher pensions to individuals with impaired health and thus
require special underwriting of applicants. Although such risk classification can substantially …

Special-rate life annuities are life annuity products whose single premium is based on a
mortality assumption driven (at least to some extent) by the health status of the applicant …

Although life settlements are advertised to deliver a profitable investment opportunity with a
low correlation to market systematic risk, recent investigations reveal a discrepancy of …

This paper examines the use of more extensive risk classification and its impact on
annuitisation values in consumer markets with mortality heterogeneity. Prices of US retail …