Longevity-indexed life annuities

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<title>Longevity-indexed life annuities</title>
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<namePart>Denuit, Michel</namePart>
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<namePart>Haberman, Steven</namePart>
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<namePart>Renshaw, Arthur</namePart>
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<abstract displayLabel="Summary">This paper addresses the problem of the sharing of longevity risk between an annuity provider and a group of annuitants. An appropriate longevity index is designed in order to adapt the amount of the periodic payments in life annuity contracts. This accounts for unexpected longevity improvements experienced by a given reference population. The approach described in the present paper is in contrast with group self-annuitization, where annuitants bear their own risk,. Here the annuitants bear only the nondiversifiable risk that the future mortality trend departs from that of the reference forecast</abstract>
<note type="statement of responsibility">Michel Denuit, Steven Haberman, and Arthur Renshaw</note>
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<topic>Matemática del seguro</topic>
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<topic>Cálculo actuarial</topic>
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<topic>Envejecimiento de la población</topic>
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<topic>Mortalidad</topic>
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<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080555016">
<topic>Longevidad</topic>
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<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20200021438">
<topic>Ageingnomics. Economia senior</topic>
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<title>North American actuarial journal</title>
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<publisher>Schaumburg : Society of Actuaries, 1997-</publisher>
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<identifier type="issn">1092-0277</identifier>
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<text>03/01/2011 Tomo 15 Número 1  - 2011 </text>
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