Post, Thomas; Gründl, Helmut; Schmeiser, Hato - Institut für Versicherungswirtschaft <Sankt Gallen> - 2006
In comparing an immediate life annuity with a payout-equivalent investment fundpayout plan (self-annuitization), research to date has focused mainly on shortfallprobabilities of self-annuitization. As an exception, Schmeiser and Post (2005)propose a family strategy where the chances of...