Longevity Bond
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.
Read more about Longevity Bond: Types of Longevity Investments, Longevity Risk
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... 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. Prosperity’s the very bond of love,
Whose fresh complexion and whose heart together
Affliction alters.
Perdita. One of these is true:
I think affliction may subdue the cheek,
But not take in the mind.”
—William Shakespeare (1564–1616)
“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 (1803–1882)