Policies to Increase the Popularity of Lifetime Annuities
By Rami Hanegbi
Insight Overview
IDEAS IN THIS INSIGHT YOU CAN PUT INTO ACTION
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.