two ways: (1) construction of a health state measure in the CSLC equivalent to the Health and Activity Limitation Index …

effectively hedged, this index will provide a better measure of the longevity risk than current indices. Current mortality models …Existing longevity indices commonly use age-based mortality rates or period life expectancy. We propose an alternative … cohort-based value index for insurers and pension funds to manage longevity risk. This index is an expected present value of …