Policies to Increase the Popularity of Lifetime Annuities
By Rami Hanegbi
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Policymakers can aim to emulate some of the salient characteristics of high-annuity markets into more-widespread annuity markets. Specifically, laws that facilitate and encourage retirement plans to directly offer lifetime annuities, the presence of a more comprehensive and universal annuity guarantee system, and laws that encourage the framing of annuities in a positive manner, can operate synergistically to improve annuitization rates.
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About the Author
Rami Hanegbi, PhD, is Senior Lecturer at Deakin Law School in Melbourne, Australia. His academic publications include research on retirement policy.