individual longevity bond, not currently available, as a combined investment and insurance product to allow individuals to … flexibly manage their longevity risk. The bond is a post-retirement product that combines a lifetime income along with a … provide transparent pricing for interest rate and mortality risk, the construction of optimally immunized bond portfolios and …

some probability of ruin in either case: the bond portfolio may be exhausted while the bettor is still alive, or the bettor … may die before the bond portfolio runs down. The paper applies a historical rather than mathematical lens to calculate the … bond yields are very low. However, if the annuity provider cannot harvest a spread over the safe government bond yield and …