Longevity risk

Arapakis, Karolos, and Gal Wettstein. “Longevity risk”. Special report, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, November 2023. http://hdl.handle.net/2345/bc-ir:109813.
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Abstract

The report's key findings are: (1) As life expectancy at 65 rises, outliving one's resources poses a growing challenge. (2) This study explores how people perceive their life expectancy, options for handling longevity risk, and why few insure against it. (3) A survey of investors with over $100,000 in financial assets sheds new light on this topic: (a) About half of respondents would be willing to buy an annuity at prevailing market rates but just 12 percent actually do so. (b) Reasons for the gap may be that financial professionals do not routinely recommend annuities and actually buying them can be hard.

Title
Longevity risk: An essay
Author
Arapakis, Karolos
Wettstein, Gal
Center
Center for Retirement Research
Genre
report
Date Issued
November 2023
Publisher
Center for Retirement Research at Boston College
Series Title
Special report
Persistent Link
http://hdl.handle.net/2345/bc-ir:109813
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Health
Long-Term Care

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