Annuitization

Annuitization

• 1996 – AP – Optimal Asset Allocation Towards The End of the Life cycle: To Annuitize or Not to Annuitize?, by Moshe Arye Milevsky – 48p – https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1077

• p27/36 – Friedman and Warshawksy (1990) and Bernheim (1991) found that the bequest motive, coupled with the perception of actuarially unfair premiums, was a significant deterrent to annuitization.

2010 – SOA – Post-Retirement Financial Strategies from the Perspective of an Individual Who Is Approaching Retirement Age, by Arnold F. Shapiro – Society of Actuaries – 75p