Insurance Providers May Be Making Promises That They Can't Afford to Keep, with the Latest Generation of Retirement Income Products

Milevsky, MosheSalisbury, Thomas S.2015-05-212015-05-212008Milevsky, M. A., & Salisbury, T. S. (2006). Financial valuation of guaranteed minimum withdrawal benefits. Insurance: Mathematics and Economics, 38(1), 21-38.http://hdl.handle.net/10315/29108Corporations, governments, and insurance companies may be underestimating the financial risks of the new generation of personal pension and retirement income products. Insurance providers may not be charging consumers enough, when you consider the long-term guarantees and promises embedded within these products.Attribution-Noncommercial-No Derivative Works 2.5 CanadaFinancePensionsInsurance Providers May Be Making Promises That They Can't Afford to Keep, with the Latest Generation of Retirement Income ProductsResearch Summary