Schmeiser, Hato; Post, Thomas - Institut für Versicherungswirtschaft <Sankt Gallen> - 2005
.e.,bequests) typically have not been addressed. We argue that heirs might be willingto bear the shortfall risk of the retirees self … chance and risk profile of thisfamily strategy from the heirs perspective using German capital and annuitymarket data. We … show that in many cases, our family strategy offers enormouschance potential with low shortfall risk. Finally, we discuss …