Chapter

Description of annuity markets

Edmund Cannon and Ian Tonks

in Annuity Markets

Published in print October 2008 | ISBN: 9780199216994
Published online January 2009 | e-ISBN: 9780191711978 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199216994.003.0002
Description of annuity markets

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This chapter outlines the different types of annuity product that are available: guaranteed, joint-life, escalating, inflation-protected, impaired-life, variable, and investment-linked. It provides illustrative examples documenting annuity prices quoted by annuity providers and the movement in annuity prices over time in both the compulsory (Compulsory Purchase Annuities) market and the voluntary (Purchased Life Annuities) market.

Keywords: compulsory purchase annuities; purchased life annuities; guaranteed annuities; variable annuities; impaired-life annuities

Chapter.  7463 words.  Illustrated.

Subjects: Pensions

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