Longevity bonds and longevity annuities are financial instruments or a form of insurance that bet against outliving ones savings through mortality rates. These longevity products enable clients to use a small portion of current savings to buy guaranteed income for their later years of retirement, providing financial security for when they need it most.
Other articles related to "longevity bond, longevity":
... Longevity risk in conjunction with interest rate risk has created problems for the annuity market ...
Famous quotes containing the words bond and/or longevity:
“Camillo. Prosperitys the very bond of love,
Whose fresh complexion and whose heart together
Perdita. One of these is true:
I think affliction may subdue the cheek,
But not take in the mind.”
—William Shakespeare (15641616)
“Every thing teaches transition, transference, metamorphosis: therein is human power, in transference, not in creation; & therein is human destiny, not in longevity but in removal. We dive & reappear in new places.”
—Ralph Waldo Emerson (18031882)