Historical pricing variability in immediate and deferred income annuities

Abstract

Risk Management and Insurance ReviewEarly View DATA INSIGHT Historical pricing variability in immediate and deferred income annuities David Blanchett, Corresponding Author David Blanchett [email protected] orcid.org/0000-0002-8288-0122 Retirement Research for PGIM DC Solutions, Newark, New Jersey Correspondence David Blanchett, Retirement Research for PGIM DC Solutions, Newark, NJ. Email: [email protected]Search for more papers by this authorBranislav Nikolic, Branislav Nikolic Insurance at the Index Standard, Toronto, CanadaSearch for more papers by this author David Blanchett, Corresponding Author David Blanchett [email protected] orcid.org/0000-0002-8288-0122 Retirement Research for PGIM DC Solutions, Newark, New Jersey Correspondence David Blanchett, Retirement Research for PGIM DC Solutions, Newark, NJ. Email: [email protected]Search for more papers by this authorBranislav Nikolic, Branislav Nikolic Insurance at the Index Standard, Toronto, CanadaSearch for more papers by this author First published: 22 June 2023 https://doi.org/10.1111/rmir.12244Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL REFERENCES Blanchett, D., Finke, M., & Nikolic, B. (2021). How competitive are income annuity providers over time? Risk Management and Insurance Review, 24(no. 2), 207– 214. CANNEX. 2022. “CANNEX Survey Experience: January 1, 2021 to December 31, 2021.” White Paper. Charupat, N., Kamstra, M. J., & Milevsky, M. A. (2016). The sluggish and asymmetric reaction of life annuity prices to changes in interest rates. Journal of Risk and Insurance, 83(no. 3), 519– 555. Friedman, B. M., & Warshawsky, M. J. (1990). The cost of annuities: Implications for saving behavior and bequests. The Quarterly Journal of Economics, 105, 135– 154. Habib, F., Huang, H., Mauskopf, A., Nikolic, B., & Salisbury, T. S. (2020). Optimal allocation to deferred income annuities. Insurance: Mathematics and Economics, 90, 94– 104. James, M. (1947). The Metropolitan Life: A Study in Business Growth. Viking. Milevsky, M. A. (2006). The Calculus of Retirement Income: Financial Models for Pension Annuities and Life Insurance. Cambridge University Press. Milevsky, M. A. (2005). Real longevity insurance with a deductible: Introduction to advanced-life delayed annuities (ALDA). North American Actuarial Journal, 9(no. 4), 109– 122. Poterba, J., & Solomon, A. (2021). Discount Rates, Mortality Projections, and Money's Worth Calculations for US Individual Annuities. No. w28557 National Bureau of Economic Research. Poterba, J. M., 1997, “The History of Annuities in the US.” Working paper 6001, National Bureau of Economic Research. Early ViewOnline Version of Record before inclusion in an issue ReferencesRelatedInformation