Description of annuity markets
Description of annuity markets
This chapter outlines the different types of annuity product that are available: guaranteed, joint-life, escalating, inflation-protected, impaired-life, variable, and investment-linked. It provides illustrative examples documenting annuity prices quoted by annuity providers and the movement in annuity prices over time in both the compulsory (Compulsory Purchase Annuities) market and the voluntary (Purchased Life Annuities) market.
Keywords: compulsory purchase annuities, purchased life annuities, guaranteed annuities, variable annuities, impaired-life annuities
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