Customer Reviews

The Role of Annuity Markets in Financing Retirement

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This book is a actually a compilation of different academic studies, written at a graduate-level, which primarily analyzes the merits of variable annuities. It's not "light reading", unless you enjoy mathematical algorithms and tables of study findings. However, the writers all present extremely well-researched and pursuasive conclusions about the important value of variable annuities. If you have any reservations about annuities in general, you probably won't after reading this book.

Dramatic advances in life expectancy mean that people must plan their retirements on the assumption that they will live into their eighties, their nineties, or even beyond. Longer life expectancies are the symbol of a prosperous society, but this progress also means that some retirees will need to plan conservatively and cut back substantially on their living standards or risk living so long that they exhaust their resources. This book examines the role that life annuities can play in helping people protect themselves against such outcomes.