Asher, Mukul - eSocialSciences - 2006
pros and cons of lump sum, a phased withdrawal, and annuities as options during the payout phase. It emphasizes that for … small accumulations, a phased withdrawal may be a better option than annuities. There is a need to research on designing … annuities which permit differing risk sharing arrangements among insurance companies, the annuity buyers, and government. Need …